Ground-Rent and Capital Accumulation in Australia

Abstract

This paper presents an original estimation of the size of the ground‐rent appropriated by competing social subjects in the Australian economy over the long term, and of several economic variables necessary to accomplish that measurement. The paper also assesses therelative importance of ground‐rent in total surplus‐value and the Australian process ofcapital accumulation, finding that it constitutesa significant portion. Finally, the paper estimates the determinants of the ground‐rent yielded by mining lands used to produced ironore and mineral coal during the recent "commodities price boom", stressing the importance of the location factor.