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Just because rent is involved doesn't make it what is normally referred to as "rent seeking", and I don't think your example would qualify by the traditional de
by ChadNauseam 3y ago
Just because rent is involved doesn't make it what is normally referred to as "rent seeking", and I don't think your example would qualify by the traditional definition. From Google:
> Rent seeking is an economic concept that occurs when an entity seeks to gain wealth without any reciprocal contribution of productivity. An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.
- 4bpp 3y agoAh, I see. After looking it up some more, I'm also quite convinced that I misapprehended the definition. My bad.