Theoretical Significance
This theory is the least known part of Marx's economic writings, and among the more difficult ones, because earnings from farm work can be affected by many different variables, even at a highly abstract level. However the theory became very important to neo-Marxists such as Ernest Mandel who interpreted late capitalism as a form of increasingly parasitic rentier capitalism in which surplus profits are obtained by capitalists from monopolising the access to resources, assets and technologies under conditions of imperfect competition. Marxist writers such as Cyrus Bina have extended the concept of rents to oil rents .
Read more about this topic: Differential And Absolute Ground Rent
Famous quotes containing the words theoretical and/or significance:
“Post-structuralism is among other things a kind of theoretical hangover from the failed uprising of ‘68Ma way of keeping the revolution warm at the level of language, blending the euphoric libertarianism of that moment with the stoical melancholia of its aftermath.”
—Terry Eagleton (b. 1943)
“It is necessary not to be Christian to appreciate the beauty and significance of the life of Christ.”
—Henry David Thoreau (1817–1862)