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20. Ground Rent

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Chapter Summary

In Hegel, the private ownership of land is an act of realisation of the individual's will, an act by which the individual materialises his will. Marx criticises this by pointing out that if this is the case, then every man, to realise himself, would have to be a land-owner. The originality of Marx's approach, in comparison to Hegel's, consists of a reversal of hierarchy. The private ownership of land-and ground rent-is, first of all a relation between men, and then a relation between man and nature. The private ownership of land expresses a relation whose concrete forms of manifestation develop in parallel to the dominant social relations. Ground rent precedes the capitalist mode of production. If one assumes that the organic composition of agricultural industrial capital is higher than the average organic composition, absolute rent would assume the form of what can be called 'monopoly rent'.

Keywords: absolute rent; agricultural industrial capital; ground rent; monopoly rent; private ownership



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