Back to Search
Start Over
A Note on the Modeling of Rent Seeking.
- Source :
-
Review of Radical Political Economics . Winter2017, Vol. 49 Issue 4, p599-606. 8p. - Publication Year :
- 2017
-
Abstract
- Rent seeking has once again become an important topic in economics. However, rent seeking poses challenges that standard economic theory is not well equipped to handle. This paper develops a working definition of rent seeking that can be applied to post-Keynesian growth models. The main finding is that, in a post-Keynesian framework, rent seeking will have an effect on income distribution and average productivity. In addition, increases in rent seeking can have undesirable effects on the distribution of talent. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 04866134
- Volume :
- 49
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Review of Radical Political Economics
- Publication Type :
- Academic Journal
- Accession number :
- 126834597
- Full Text :
- https://doi.org/10.1177/0486613417717047