81,875
edits
Rent-seeking: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{a|devil|}}[[Rent-seeking]] is what happens when a fellow (a “[[rentier]]”) monopolises access to [[property]] (including, for modern readings, [[intellectual property]]) and takes profits out of it that arise purely because of that monopoly right (or barrier to entry). | {{a|devil|}}[[Rent-seeking]] is what happens when a fellow (a “[[rentier]]” or in the JC’s own phrase, a “[[rentsmith]]”) monopolises access to [[property]] (including, for modern readings, [[intellectual property]]) and takes profits out of it that arise purely because of that monopoly right (or barrier to entry). | ||
It comes in many guises: | It comes in many guises: | ||