This post presupposes that Capitalism is the end of history.

Carrol

-----Original Message-----
From: [email protected] 
[mailto:[email protected]] On Behalf Of [email protected]
Sent: Tuesday, April 22, 2014 1:05 PM
To: Progressive Economics
Subject: Re: [Pen-l] "Rent and rent seeking": strange formulation

 "Eugene Coyle" <[email protected]> wrote:


> I was reading some remarks -- you may have seen them same -- about "rent and 
> rent-seeking" with its implied opprobrium and realized an implication.


Rents are usually charges for things like land rent, copyrights, patents, 
trademarks, right-of-ways, etc.


> How can anyone -- let alone an economist -- think about the world  like that, 
> with a few bad actors seeking rents?

Rents are not necessarily a bad thing. How are authors going to get paid 
otherwise?


-- 

   Ron




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