All Posts Tagged With: "rent-seeking"
Rent-Seeking: A Primer
Readers of Ideas on Liberty often come across references to the term “rent-seeking.” Usually from the context it’s plain that it refers to something undesirable, but what exactly is it? The idea of rent is an old one in economics. In mainstream economics it refers to a payment to the owner of a fixed factor [...]
1Nov2003 | Sandy Ikeda | 12 comments | ContinuedFrederic Bastiat: The Primacy of Property
James Dorn is vice president for academic affairs at the Cato Institute and a professor of economics at Towson University in Maryland. This is adapted from a longer article that will appear in the September 2001 Journal des Économistes. Reprinted by permission. Frédéric Bastiat, although best known as an economic journalist, was also a pioneer [...]
1Jun2001 | James A. Dorn | 2 comments | ContinuedThere’s No Philadelphia in Europe
The late Norman Barry was professor of social and political theory at the University of Buckingham in the United Kingdom and was the author of Business Ethics (Macmillan, 1998). The member states of the European Union, in their struggles to find some form of international authority, are going through debates that have a strange resonance [...]
1Feb1999 | Norman Barry | 1 comment | ContinuedMoney for Nothing: Politicians, Rent Extraction, and Political Extortion by Fred McChesney
Harvard University Press • 1997 • 230 pages • $35.00 Roger Meiners is a professor of law and economics at the University of Texas-Arlington and senior associate at the Political Economy Research Center. As F. A. Hayek explained in his introduction to The Road to Serfdom, a half-century ago the future of the world was [...]
1Apr1998 | Roger E. Meiners | 0 comments | ContinuedThe Seven Deadly Sins of High Taxes
Dr. Lee is associate professor of economics at St. Ambrose University College of Business, Davenport, Iowa. By justice a king gives stability to the land, but he who imposes heavy taxes ruins it. —Proverbs 29:4 (New American Bible) In a free society government has an important but limited role to play. Adam Smith, for instance, [...]
1Nov1997 | Christopher Lee | 0 comments | ContinuedWhat Big Government Is All About
This article is excerpted from Libertarianism: A Primer. Government has an important role to play in a free society. It is supposed to protect our rights, creating a society in which people can live their lives and undertake projects reasonably secure from the threat of murder, assault, theft, or foreign invasion. By the standards of [...]
1Apr1997 | David Boaz | 1 comment | ContinuedNo, Fred, There Is No Free Enterprise–At Least Not Here
Dr. Ahlseen is Associate Professor of Economics at King College in Bristol, Tennessee. Each passing year results in more government regulation and control over private sector production. It has become increasingly difficult for entrepreneurs to gain official approval to initiate and sustain an enterprise. Such impediments are a form of what Frederic Bastiat called legal [...]
1Feb1996 | Mark Ahlseen | 0 comments | Continued-
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