Full Description
This book provides a critique of David Harvey's theory of land rent and his replacement of Marx's concept of absolute rent with class-monopoly rent, arguing that this shift inadequately addresses crucial theoretical and empirical problems in urban economic geography today. The alternative introduced links land rent to fluctuations in profit rates rather than monopoly pricing. Land Rent, Capital, Rate of Profit seeks to resolve anomalies in Harvey's explanation by incorporating the concept of absolute rent and emphasizing long-term structural economic forces that determine its fluctuations. It draws on an alternative interpretation of Marx's economic theory advanced by Anwar Shaikh in his theory of real competition.
