Modern Theory of Rent (Hindi) 

This video discusses about the Modern Theory of Rent which basically a modified version of Ricardian theory of Rent which we already discussed in the previous video. The link of that video is given below.
• Ricardian Theory of Re...
This theory was first developed by J.S. Mill and then many economics like Pareto, Marshall, Joan Robinson etc. have worked on it.
According to modern theory, economic rent is a surplus which is not peculiar to land alone. It can be a part of income of labour, capital, entrepreneur. According to this theory, rent is a surplus which arises due to difference between actual earning and transfer earning.
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