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The Determination of Land Rent in a Non-capitalist Agriculture: North India, 1860–1930

Published online by Cambridge University Press:  28 November 2008

Jayati Ghosh
Jayati Ghosh
Affiliation:
Centre for Economic Studies and Planning Jawaharlal Nehru University
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Extract

Most economic theories of land rent determination relate to capitalist agriculture. This is true also of the theories of Ricardo and Marx, which were formulated primarily in the context of nineteenth-century English agriculture. These theories share two crucial assumption: cultivation solely for profit and free mobility of capital between agriculture and other sectors. In the Ricardian scheme these assumptions enable land rent to be determined as a residual after wages and profits have been simultaneously determined, because capitalist cultivators will pay rent only as a surplus over the socially average rate of profit.

Type
Articles
Information
Modern Asian Studies , Volume 22 , Issue 2 , May 1988 , pp. 355 - 382
Copyright
Copyright © Cambridge University Press 1988

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