rent · income
Income from holding a parameter at a wall rather than from doing work. A change that removes a factory reduces output; a change that removes a toll does not.
Examples
- The 2020 U.S. federal spectrum auction yielded $20.7 billion from telecoms leasing bandwidth from the government. economics
- The Hoover Dam generates power from water pressure held back by its 726-foot-high wall, not from active pumping. engineering
- In 2019, Venezuela’s hyperinflation rendered rent controls nominal, as landlords held apartments off-market in Caracas. institutions
Emergence
through: The components together allow sustained extraction of income from the mere maintenance of a parameter at a boundary condition, without productive effort.
- unearned income
- persistent extraction without labor
- value from constraint maintenance
Chain to foundations
as tree
- rentL18
- parameterL4
- wallL10
- windowL7
- parameterL4 (shown above)
- rangeL3
- boundaryL2 (shown above)
- persistL1 (shown above)
- changeL1 (shown above)
- outsideL6
- partL1 (shown above)
- parameterL4 (shown above)
- boundaryL2 (shown above)
- changeL1 (shown above)
- windowL7
- driftL11
- parameterL4 (shown above)
- changeL1 (shown above)
- goL3
- makeL4
- nothingL10
- noneL9
- differenceL1 (shown above)
- amountL8
- offL2
- spaceL0 (shown above)
- differenceL1 (shown above)
- noneL9
- wayL9
- spaceL0 (shown above)
- linksL8
- partL1 (shown above)
- connectsL7
- flowL3
- interactionL2 (shown above)
- persistL1 (shown above)
- structureL2 (shown above)
- broughtL6
- happenL2
- maintenanceL14
- windowL7 (shown above)
- changeL1 (shown above)
- doingL5
- holdL13 (shown above)
- incomeL17
- moneyL16
- resourceL15
- parameterL4 (shown above)
- windowL7 (shown above)
- boundaryL2 (shown above)
- driftL11 (shown above)
- maintenanceL14 (shown above)
- matterL1 (shown above)
- differenceL1 (shown above)
- systemL5
- setsL3 (shown above)
- partL1 (shown above)
- structureL2 (shown above)
- interactionL2 (shown above)
- substanceL12
- fallL3
- propertyL3
- stateL2 (shown above)
- differenceL1 (shown above)
- workL3 (shown above)
- priceL8
- interactionL2 (shown above)
- differenceL1 (shown above)
- resourceL15
- workL3 (shown above)
- receiveL6
- moneyL16
- ratherL3
- workL3 (shown above)
Neighborhood
Concepts that depend on this one above; what it is built from below.
Relations
| medium-for | chokepoint.bottleneck | chokepoint enables rent extraction |
| contrasts-with | maintenance.upkeep | rent vs. maintenance effort |
| contrasts-with | work.effort | rent is not earned by work |