Natural Rent as a Category of Market Economy

2004 ◽  
pp. 24-35 ◽  
Author(s):  
I. Buzdalov
Keyword(s):  
Market Economy ◽  
Government Regulation ◽  
Land Rent

In the article conceptual and practical questions of natural rent are examined. Special attention is paid to the principles and mechanism of its forming and distribution in a market economy. Land rent is analyzed in more details. Methodical approaches and means of government regulation of rent mechanism, provision of equal economic terms and stimuli of effective production to producers are offered.

Selected Aspects of Slovac Republic Territorial Development Visions

2016 ◽  
Vol 820 ◽  
pp. 15-20
Author(s):  
Jarmila Husenicova ◽  
Zuzana Dohnanska
Keyword(s):  
Information Systems ◽  
Market Economy ◽  
Free Market ◽  
Urban Spaces ◽  
Free Market Economy ◽  
Territorial Development ◽  
Land Rent ◽  
New Methods ◽  
Urbanization Development

Paper deals with urbanization development of Slovakia regarding the rate and degree of urbanization, chances of urban spaces use of cities surroundings as consider to land rent, approximation of territorial development legislation to the free market economy conditions, regional visions creations new methods and inevitable need of territorial information systems deepening and automation.

La struttura istituzionale della produzione *

1991 ◽  
Vol 9 (3) ◽  
pp. 163-173
Author(s):  
Ronald H. Coase
Keyword(s):  
Economic Theory ◽  
Transaction Costs ◽  
Market Economy ◽  
Government Regulation ◽  
Social Cost ◽  
Economic Planning ◽  
Invisible Hand ◽  
Eastern European ◽  
Eastern European Countries ◽  
Wealth Of Nations

Abstract During the two centuries following the publication of Adam Smith’s Wealth of Nations the economists’ main objective has been to improve his analysis and in particular his basic statement that government regulation and economic planning are not necessary for the functioning of an efficient economy, since the price system (the «invisible hand») can successfully coordinate the economy.However, the excessive attention to prices deviated research from other aspects of the economic system. Coase’s effort, through his articles on «The nature of the firm» (1937) and «The problem of social cost» (1960), was to introduce in the traditional economic theory some institutional elements. The contribution of the first article was essentially the introduction into economic analysis of transaction costs. In the second article it was shown that contracting in absence of transaction costs maximizes the wealth, quite apart from the assignment of property rights.The introduction of institutional elements can be very helpful for reforms in Eastern European countries, because market economy can only work through appropriate institutions.

THE ROLE OF GOVERNMENT IN THE ECONOMY

1997 ◽  
Vol 14 (2) ◽  
pp. 155-171
Author(s):  
Muhammad Akram Khan
Keyword(s):  
Market Economy ◽  
Government Regulation ◽  
Structural Changes ◽  
Free Market ◽  
Free Market Economy ◽  
Business Organizations ◽  
Role Of Government ◽  
The Status ◽  
Effective Role

IntroductionThe recent past has seen fundamental changes in the government’srole in the economy. With the defeat of socialism and the worldwideonslaught of privatization, a new scenario is emerging. The direct roleof government is shrinking and its indirect role is increasing. Arguably,privatization does not necessarily mean “no government,” but rather“better government.” As a result, the following new issues are emerging:What is the extent and nature of government regulation in theeconomy? How can government play an effective role in the redistributionof economic power and still keep the free market economy undisturbed?What structural changes are necessary to protect the publicinterest? How can government itself be regulated? How can we preventgovernment from becoming an instrument of injustice and tyranny?The present paper seeks to discuss these questions from the Islamicperspective.Need for GovernmentWe need government to provide the fundamental legal and socialframework for a free market economy. This framework implies necessarylaws that define the property and other rights, enforce contracts,and describe the status and form of various business organizations. Weneed government to define the rules of the game. Through legislationthe government acts as a referee and forbids foul play. It prohibitscheating and the sale of adulterated foods and drugs; it establishes ...

scholarly journals The other road to serfdom: The rise of the rentier class in post-Soviet economies

2020 ◽  
Vol 59 (3) ◽  
pp. 505-536
Author(s):  
Balihar Sanghera ◽  
Elmira Satybaldieva
Keyword(s):  
Government Regulation ◽  
Social Inequalities ◽  
Free Market ◽  
Wealth Creation ◽  
Rent Extraction ◽  
Land Rent ◽  
Public And Private ◽  
Unearned Income ◽  
Moral Economic ◽  
And Control

This article offers a moral economic critique of the transition to a market economy in the post-Soviet space. In a reversal of the classical ideal of a ‘free market’ (a market free from land rent, monopoly rent and interest), neoliberalism celebrates and promotes rent extraction, sometimes over wealth creation (Hudson, 2017). In freeing markets from government regulation, neoliberalism enables powerful economic actors to extract income by mere virtue of property rights that entitle them to a stream of income from their ownership and control of scarce assets (Sayer, 2015). Neoliberalism has created and expanded the role of rent and unearned income in post-Soviet economies (Mihalyi & Szelenyi, 2017). This article will show the diversity and significance of rent in Kazakhstan and Kyrgyzstan that go beyond natural resources and illicit public and private rent-seeking. Using three case studies on finance, real estate and the judiciary in Kazakhstan and Kyrgyzstan, this article will examine how property relations, rentier activities and unearned income have been morally justified and normalized. Despite its moral legitimation, rentiership has been harmful and damaging. It has produced social inequalities and suffering, and has resulted in plutocracy and corruption.

Alchemy and Accountability

2017 ◽  
Vol 3 (1) ◽  
Author(s):  
Emmanuel Martin
Keyword(s):  
Market Economy ◽  
Government Regulation ◽  
Free System ◽  
Endogenous Regulation

In a free system such as the market economy, the first level of regulation is not exogenous government regulation, it is endogenous accountability. How does endogenous regulation work?

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