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Name and Link Type of Resource Description
     
Dudley Dillard. The Pragmatic Basis of Keynes's Political Economy
The Journal of Economic History, Vol. 6, No. 2 (Nov., 1946)
Available Here (requires suscription and logon to JSTOR
Article from 1946 which includes discussion of Keynes's views about the rentier. ""
Kees Van Der Pijl
A Survey of Global Political Economy (web-textbook for the MA in GPE at the University of Sussex)
see in particular for this topic Ch 1 sect 1, Ch 2 sect 2 (on Keynes), Ch 5, sect 2 (on Veblen)
Available Here
Relevant chapters from online textbook EXTRACT on Keynes:"Keynes squarely adopts the perspective of the real economy as against the interests of the rentiers, who had been so well served by the arguments of the original marginalists. The economy, he claims, is about satisfying the needs of society. ....."
Michael Hudson
Real Estate, Technology and the Rentier Economy: Pricing in excess of Value, producing Income without Work
A speech delivered at "The Economics of Abundance" conference, King's College, London, 3 July, 2006
Available Here
Speech/Article ""
Michael Hudson
The New Road to Serfdom. An illustrated guide to the coming real estate collapse
Harpers Magazine, May 2006
Available Here
Article ""
Gerald Epstein & Dorothy Power
Rentier Incomes and Financial Crises: An Empirical Examination of Trends and Cycles in Some OECD Countries
Political Economy Research Institute (PERI), University of Massachusetts, Amherst.PERI Working Paper No. 57, 2003
Available Here
Article "Abstract: We present new estimates of the rentier share of national income for OECD countries for the years between 1960 and 2000. For most countries, the rentier share of income significantly increased during the last several decades, starting in the early 1980's and coinciding with the shift to neo-liberal monetary and financial policies initiated by Margaret Thatcher and Paul Volcker. There is no evidence of a negative correlation between rentier shares and non-financial corporate shares of income. However, rentier shares do decline in those semi-industrialized countries that experienced financial crises. These findings are consistent with the view that financial liberalization has been associated with the increased power of an international rentier class, whose interests are aligned with those of non-financial corporations in the richer countries, but whose interests conflict with rentiers in developing countries that experience financial crises. "
Michael Hudson
Financial Capitalism v. Industrial Capitalism
Contribution to The Other Canon Conference on Production Capitalism vs. Financial Capitalism Oslo, September 3-4, 1998
Available here
Article ""
Michael Hudson
The Lies of the Land: How and Why Land Gets Undervalued
Available Here
Article on related issue "SUMMARY: Turning land-value gains into capital gains. YOU MAY THINK the largest category of assets in this country is industrial plant and machinery. In fact the US Federal Reserve Board's annual balance sheet shows real estate to be the economy's largest asset, two-thirds of America's wealth and more than 60 percent of that in land, depending on the assessment method. Most capital gains are land-value gains. The big players do not want their profits in rent, which is taxed as ordinary income, but in capital gains, taxed at a lower rate. To benefit as much as possible from today's real estate bubble of fast rising land values they pledge a property's rent income to pay interest on the debt for as much property as they can buy with as little of their own money as possible. After paying off the mortgage lender they sell the property and get to keep the "capital gain." This price appreciation is actually a "land gain," that is, it's not from providing start-up capital for new enterprises, but from sitting on a rising asset already in place, the land. Its value rises because neighbourhoods are upgraded, mortgage money is ample, and rezoning is favorable from farmland on the outskirts of cities to gentrification of the core to create high-income residential developments. The potential capital gain can be huge. That's why developers are willing to pay their mortgage lenders so much of their rent income, often all of it."
Michael Hudson
Wealth Creation, or a Ponzi Scheme?
Centre for Global Research Dec 23rd 2008
Available here
Article ""
     
Michael Hudson
The Michael Hudson Series – Part 4 Economic Rent
The Renegade Economist Website
Available here
Short Video "In the 4th part of our Michael Hudson series he explains the classical economic theory of rent and its modern day meaning. A vital key to unlocking the understanding economic policy. "