Rent-seeking: Difference between revisions
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{{a|devil|}}{{d|Rent-seeking|/rɛnt ˈsiːkɪŋ/|n|}} | {{a|devil|{{image|png|''Rent Way Past Due''. {{vsr|1962}}}}{{d|Rent-seeking|/rɛnt ˈsiːkɪŋ/|n|}} | ||
The extraction of payment by one (a “[[rentier]]” or in the JC’s own phrase, a “[[rentsmith]]”) from those who pass by, for the simple privilege of crossing one’s turf, whether they are transgressing one’s [[real property]] — that’s the classic notion of “rent” — [[personal property]] — unusual, but renting a car, or skis — or [[intellectual property]] — and this is where the real monkey business happens. | The extraction of payment by one (a “[[rentier]]” or in the JC’s own phrase, a “[[rentsmith]]”) from those who pass by, for the simple privilege of crossing one’s turf, whether they are transgressing one’s [[real property]] — that’s the classic notion of “rent” — [[personal property]] — unusual, but renting a car, or skis — or [[intellectual property]] — and this is where the real monkey business happens. | ||