51:
878:
866:
1092:
1214:
Another index of the capitalist class is the fact that those making more than a million dollars a year made more than 75 percent of their income from property ownership, in the form of profit, rent, and interest…Finally, the income of the capitalist class, that is, property income, including profit,
1177:
Property income is, by definition, received by virtue of owning property. Rent is received from the ownership of land or natural resources; interest is received by virtue of owning financial assets; and profit is received from the ownership of production capital. Property income is not received in
991:
for the capitalist class that receives and lives off of property income, because its recipients receive property income by virtue of owning property regardless of their contribution to the social product. As such, the existence of property income based on private property forms the basis for the
924:
refers to profit or income received by virtue of owning property. The three forms of property income are rent, received from the ownership of natural resources; interest, received by virtue of owning financial assets; and profit, received from the ownership of
986:
produced by an economy, where "surplus value" refers to value beyond what is needed for subsistence. As such, income derived through property ownership constitutes a type of "unearned income" on the basis of economic
945:
Property income is nominal revenues minus expenses for variable inputs (labor, purchased materials and services). Property income represents the return for the supply of both
908:
840:
1266:
1271:
1133:
1244:
1207:
1170:
901:
501:
239:
850:
70:
60:
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so that each citizen would receive a share of the property income in addition to their normal wage or salary (see:
894:
844:
374:
364:
254:
959:
economic systems are usually defined as those systems where the means of production are privately owned through
823:
561:
516:
369:
138:
82:
576:
1126:
526:
334:
324:
284:
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181:
104:
1040:
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972:
696:
541:
279:
219:
176:
123:
511:
830:
486:
471:
329:
269:
249:
244:
19:
This article is about income received from property ownership. For the broader category of income, see
581:
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128:
118:
65:
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34:
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171:
133:
89:
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776:
721:
706:
691:
676:
656:
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586:
566:
521:
394:
344:
314:
309:
50:
23:. For the related concept of receiving income without engaging in productive activity, see
1080:
1004:
975:
by a group of owners who bear the risk of investment and production to generate returns.
930:
870:
781:
746:
711:
646:
571:
556:
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20:
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423:
113:
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24:
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636:
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621:
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94:
771:
761:
551:
186:
1020:
956:
681:
481:
1162:
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1025:
531:
462:
42:
865:
1231:
Socialism
Revised and Modernized: The Case for Pragmatic Market Socialism
1050:
1215:
rent, and interest, constitutes more than 28 percent of all U.S. income.
1091:
964:
1178:
return for any productive activity performed by its recipients.
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One economic perspective is to bring productive property under
982:
and related schools, property income is a portion of the
1107:
1007:). This would eliminate class distinctions, reduce
1228:
1191:
1127:
902:
8:
16:Income received by virtue of owning property
1198:. Johns Hopkins University Press. pp.
1159:Encyclopedia of Political Economy, Volume 2
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1120:
929:. As such, property income is a subset of
909:
895:
29:
1011:, and enable greater economic stability.
1149:
41:
7:
1088:
1086:
1157:O'Hara, Phillip (September 2003).
1106:. You can help Knowledge (XXG) by
14:
1090:
876:
864:
49:
151:Concepts, theory and techniques
1:
1227:Yunker, James (April 1992).
1267:Economics and finance stubs
933:and is often classified as
1293:
1272:Factor income distribution
1190:Sherman, Howard J (1995).
1085:
18:
996:in capitalist economies.
139:JEL classification codes
325:Industrial organization
182:Computational economics
1102:-related article is a
177:Experimental economics
1235:. Praeger. pp.
404:Social choice theory
1194:Reinventing Marxism
1009:economic inequality
871:Business portal
192:Operations research
172:National accounting
202:Industrial complex
197:Middle income trap
1115:
1114:
980:Marxian economics
951:financial capital
927:capital equipment
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1165:. p. 1135.
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1061:Private property
1001:public ownership
947:physical capital
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883:Money portal
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879:
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365:Natural resource
157:Economic systems
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30:
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1210:
1189:
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1081:Unearned income
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1005:Social dividend
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931:unearned income
922:Property income
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577:von Böhm-Bawerk
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162:Economic growth
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83:classifications
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21:Unearned income
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994:class division
973:privately held
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370:Organizational
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1118:
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1079:
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1076:Surplus value
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1064:
1062:
1059:
1057:
1054:
1052:
1049:
1047:
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1039:
1037:
1036:Economic rent
1034:
1032:
1031:Earned income
1029:
1027:
1024:
1022:
1019:
1018:
1014:
1012:
1010:
1006:
1002:
997:
995:
990:
985:
984:surplus value
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962:
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472:de Mandeville
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25:Economic rent
22:
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1176:
1158:
1152:
1108:expanding it
1097:
1046:FIRE economy
1041:Exploitation
998:
989:exploitation
977:
955:
944:
921:
920:
841:Publications
806:
429:Sociological
402: /
300:Geographical
280:Evolutionary
255:Digitization
220:Agricultural
124:Mathematical
95:Econometrics
677:von Neumann
330:Information
270:Engineering
250:Development
245:Demographic
187:Game theory
129:Methodology
1261:Categories
1144:References
1021:Capitalism
957:Capitalist
836:Economists
707:Schumacher
612:Schumpeter
582:von Wieser
502:von Thünen
463:economists
439:Statistics
434:Solidarity
355:Managerial
320:Humanistic
315:Historical
260:Ecological
225:Behavioral
119:Mainstream
1163:Routledge
1100:economics
1026:Cash flow
941:Economics
752:Greenspan
717:Samuelson
697:Galbraith
667:Tinbergen
607:von Mises
602:Heckscher
562:Edgeworth
380:Personnel
340:Knowledge
305:Happiness
295:Financial
265:Education
240:Democracy
134:Political
100:Heterodox
43:Economics
1277:Property
1051:Landlord
1015:See also
845:journals
831:Glossary
782:Stiglitz
747:Rothbard
727:Buchanan
712:Friedman
702:Koopmans
692:Leontief
672:Robinson
557:Marshall
461:Notable
409:Regional
385:Planning
360:Monetary
290:Feminist
235:Cultural
230:Business
35:a series
33:Part of
1071:Rentier
851:Schools
843: (
802:Piketty
797:Krugman
662:Kuznets
652:Kalecki
627:Polanyi
517:Cournot
512:Bastiat
497:Ricardo
487:Malthus
477:Quesnay
449:Welfare
419:Service
90:Applied
66:Outline
61:History
1243:
1206:
1169:
1066:Profit
961:equity
787:Thaler
767:Ostrom
762:Becker
757:Sowell
737:Baumol
642:Myrdal
637:Sraffa
632:Frisch
622:Knight
617:Keynes
592:Fisher
587:Veblen
572:Pareto
552:Menger
547:George
542:Jevons
537:Walras
527:Gossen
395:Public
390:Policy
345:Labour
310:Health
167:Market
1237:29–31
1098:This
969:bonds
965:stock
824:Lists
792:Hoppe
777:Lucas
742:Solow
732:Arrow
722:Simon
687:Lange
682:Hicks
657:Röpke
647:Hayek
597:Pigou
567:Clark
482:Smith
444:Urban
424:Socio
414:Rural
114:Macro
110:Micro
71:Index
1241:ISBN
1204:ISBN
1167:ISBN
1104:stub
949:and
808:more
532:Marx
522:Mill
507:List
1200:130
978:In
971:or
772:Sen
492:Say
350:Law
1263::
1239:.
1212:.
1202:.
1175:.
1161:.
967:,
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27:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
