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You are are applying the standard definition of rent/rent seeking used by economists. But MichaelBurge's post is using the language of the original article, wh
by force_reboot 10y ago
You are are applying the standard definition of rent/rent seeking used by economists. But MichaelBurge's post is using the language of the original article, which claims that renting out an apartment, or making capital gains from a business, "rent seeking".
So MichaelBurge is making a valid critique of the original article, whether or not the article was correct in using the term "rent seeking"