Economic rent is defined as payment exceeding a commodity’s exchange value

Evidence

Rent is any price paid by a buyer above the price which most closely reflects the exchange value of the commodity (1.1.2). An equivalent definition of rent is as monies paid for a commodity in excess of the minimum price necessary for that commodity to have been produced. — Yanis Varoufakis, Technofeudalism, 800

Categorization

• DEFINE: Central technical definition anchoring the whole book’s thesis that platforms extract rent rather than profit.
• XREF: Connects to the classical distinction between rent and profit in political economy (Ricardo, Marx). — connects to: Exchange value is measured by what a commodity trades for, not by its price — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 786; Labor is the commodity whose surplus value is expropriated and realized through market exchange; Ground rent predates capitalism and is payment beyond what motivates land leasing — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 802
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 800

Broader Connections

• Labor is the commodity whose surplus value is expropriated and realized through market exchange #expands (0.80)
• Ground rent predates capitalism and is payment beyond what motivates land leasing #expands (0.75) — Yanis Varoufakis, Technofeudalism, 802