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no, the assumption that eliminating rent-seeking behavior could be achieved. As per the wikipedia description: "idea of rent-seeking was developed by Gordon Tu
by alacombe 9y ago
no, the assumption that eliminating rent-seeking behavior could be achieved.
As per the wikipedia description: "idea of rent-seeking was developed by Gordon Tullock in 1967.[2] The expression rent-seeking was coined in 1974 by Anne Krueger.[3] The word "rent" does not as a rule refer here to payment on a lease but stems instead from Adam Smith's division of incomes into profit, wage, and rent.[4] The origin of the term refers to gaining control of land or other natural resources." [emphasis mine]
Whether it is a pseudo "public" Government or a Private individual, the behavior of "rent-seeking" is the same, ie. resource's control.
- yorwba 9y agoThe use of "ideal world" pretty much indicates that they don't think elimination of rent-seeking is actually achievable.
- kbenson 9y agoI can't help but think you might be mistaken in your interpretation of what the original commenter meant by "in an ideal world" and possibly also by how the term "rent-seeking" is being used in this conversation. I'm struggling to understand how your not seeing how you can eliminate this type of behavior in practice relates to what is, by definition, perfection, and often just the idea of it.