The classical economists usually regarded rent in their analyses as a share of the gross product obtained from the use of land or a mine, which was indeed the way in which rent was treated in bargaining between landowner and tenant. The paper revives this view of rent, proceeding from its...

The treatment of exhaustible resources in the context of classical theory is currently the object of intense debate. In particular, different views are held as to whether the classical ‘normal positions’ can adequately deal with the prices for the use of exhaustible resources...