Some controversies in the development of rent theory: The nature of oil rent

Cyrus Bina

Research output: Contribution to journalArticlepeer-review

18 Scopus citations

Abstract

Bina's article is both a contribution to the theory of rent and an attempt to explain the ‘oil crisis' of the 1970. Addressing classical and modern debates, the author argues that bourgeois economics fails to theorise the specificity of rent in capitalist societies and its relation to production and the structure of property relations. By applying Marx's theory of rent to the us oil industry, Bina seeks to provide a coherent explanation of the oil price rises of the early 1970.

Original languageEnglish (US)
Pages (from-to)82-112
Number of pages31
JournalCapital & Class
Volume13
Issue number3
DOIs
StatePublished - Nov 1989
Externally publishedYes

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