The question of rent in economic theory is rather complicated, even at the level of its definition. This article … attempts to get back to basics in order to clear things up and present a complete and correct theory of rent. Starting with the … classical definition of rent, as an income earned by the owner of non-produced inputs, it clarifies first the definitions of the …

conceptual challenges in delineating what precisely qualifies as rent, intellectual or otherwise. In place of static conceptions … of rent and intellectual monopoly, we develop a dynamic framework for analyzing the processes of rentierization and …