rent · income
Ask PrometheusIncome 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.
Rent (noun) means: 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. It emerges from parameter, wall, drift, maintenance: The components together allow sustained extraction of income from the mere maintenance of a parameter at a boundary condition, without productive effort. In the EmergenceLexicon it sits at computed level 18, chaining down to the four foundations (space, time, energy, pattern).
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
- unearned income
- persistent extraction without labor
- value from constraint maintenance
Chain to foundations
full chain as text (262 steps)
- rentL18
- parameterL4
- wallL10
- driftL11
- maintenanceL14
- windowL7
- changeL1
- doingL5
- holdL13
- incomeL17
- ratherL3
- workL3
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 |