We find economic rent in nature, and it is the payment to the owner or to a production factor that exceeds the costs of production. We also find transfer earnings in the form with supply and with demand!
We have learned in lectures in Economics, that reality is like a shadow cost where you find the best alternative use of the use in question, and that this cost is called for the alternative cost in Economic Sciences. If there is no scarcity of resources in an economy, you do not need the economists doing assessments and calculations in the markets. When where is plenty of resources, we do not have to worry about anything. But if you have to little of things, you should think about what to do. This is always the truth for past, present and future.
If you are tremendously good to read and to reflect, you do not need to visit any lecture which is held about a subject by a person having competence. The more and better your knowledges are, the more you can dream about money, and achieving the highest possible salaries at earth. Today, you need to be brilliant and intelligent for having the best position in the organization, and I can be the best person through all times, also in the best business schools, and in the best universities.
So, what is really meant by economic rent? You find it in nature, like for instance oil and gas. And the pleasures that are free in nature like birds singing, and using the nature for different purposes and utilities, have also something to do with economic rent. What can you and I obtain from the nature without having paid anything for it? All sciences are about understanding what life is, and the different disciplines, have a belief system and a structure trying to explain everything that you perceive!
Humans are human bodies, and such are all lives at earth. The philosophy of our anatomy, is perhaps the most exciting study we can dwell about today. We should work in the places where we get properly paid in connection with our highest achieved competence, and in accordance with out general and specific knowledges and talents.
So, when being in nature, think about how fantastic this is, and that humans can use the landscapes to agriculture and much more to harvest the pleasure and the goods that you can find there. Enjoy life, and make the meaning alone and together with other people as good as possible. Try to always be constructive and positive! Welcome to life at earth!
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Sverre Larsen
Kristiansand, Norway
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