The Economics of Distribution

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Focusing on the processes of bargaining, Hobson constructs a comprehensive theory of economic distribution, examining the interplay between production factors and beneficiaries. Key topics include marketplace determination, producer and consumer rents, long-period pricing, and the coordination of labor and capital. Hobson, a notable figure in economics, critiques classical rent theory and anticipates the Neoclassical marginal productivity theory. This modern edition includes an introductory chapter from his later work, enhancing its relevance for contemporary readers.