The abolition of unearned income,of so-called surplus-value also termed interest and rent, is the immediate economic aim of every socialistic movement.
For Ricardo, who published his Principles of Political Economy and Taxation in 1817, the chief concern was the long-term evolution of land prices andland rents.
Through negotiation, the owner of the land maybe able to receive some percentage of the land rent for the 70 years of the lease period as an'advance deposit.
Capital- profit(profit of enterprise plus interest), land- ground-rent, labour- wages, this is the trinity formula which comprises all the secrets of the social production process.
For example, he remarks: All economists share the error of examining surplus- value not as such, in its pure form,but in the particular forms of profit and rent.
CAPITAL- Profit(Profit of Enterprise plus Interest), Land- Ground-Rent, Labor- Wages, this is the trinitarian formula which comprises all the secrets of the social process of production.
All surplus value, in whatever particular form it may afterwards crystallise itself, be it profit,interest, rent, or any other, is in substance only the material shape of unpaid labour.
But in different stages of society, the proportions of the whole produce of the earth which will be allotted to each of these classes,under the names of rent, profit, and wages, will be essentially different….
The incomes from gross production were distributed as rents, profits and wages among landowners, capitalists and laborers respectively, and these three classes were incessantly engaged in the struggle for increasing their own share.
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