Knowledge

Rent-seeking

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absence of, for example, the collective-action constraints highlighted by Olson. Similarly, taxpayers lobby for loopholes and will spend the value of those loopholes, again, to obtain those loopholes (again absent collective-action constraints). The total of wastes from rent-seeking is then the total amount from the government-provided benefits and instances of tax avoidance (valuing benefits and avoided taxes at zero). Dougan says that the "total rent-seeking costs equal the sum of aggregate current income plus the net deficit of the public sector".
1511:, is that of a property owner who installs a chain across a river that flows through their land and then hires a collector to charge passing boats a fee to lower the chain. There is nothing productive about the chain or the collector, nor do passing boats get anything in return. The owner has made no improvements to the river and is not adding value in any way, directly or indirectly, except for themselves. All they are doing is finding a way to obtain money from something that used to be free. 1578:'s response to pressure from the United States to open the Dominican Republic's export market. At the time, the United States was a massive trading partner for sugar while providing foreign aid and military support which allowed Balaguer's regime to take hold. Joaquín Balaguer used EPZ to allow for some markets to remain tariffed while appeasing the markets facing political pressures. This created a sub-optimal environment for exporters as they were able to invest in rent seeking activities ( 1833: 4582: 1037: 970: 1819: 1805: 982: 1493: 1723:. As a country becomes increasingly dominated by organized interest groups, it loses economic vitality and falls into decline. Olson argued that countries that have a collapse of the political regime and the interest groups that have coalesced around it can radically improve productivity and increase national income because they start with a clean slate in the aftermath of the collapse. An example of this is 1460:
frames it by asking, "Why is there so little money in politics?" because a naïve model of political bribery and/or campaign spending should result in beneficiaries of government subsidies being willing to spend an amount approaching the value of the profits derived from the subsidies themselves, when
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The paradox is that rent-seekers wanting political favors can bribe politicians at a cost much lower than the value of the favor to the rent-seeker. For instance, a rent seeker who hopes to gain a billion dollars from a particular political policy may need to bribe politicians with merely ten million
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protection, quotas, subsidies, or extension of copyright law. Anne Krueger concludes that "empirical evidence suggests that the value of rents associated with import licenses can be relatively large, and it has been shown that the welfare cost of quantitative restrictions equals that of their tariff
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is a related term for the collusion between firms and the government agencies assigned to regulate them, which is seen as enabling extensive rent-seeking behavior, especially when the government agency must rely on the firms for knowledge about the market. Studies of rent-seeking focus on efforts to
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The concept of rent-seeking would also apply to corruption of bureaucrats who solicit and extract "bribe" or "rent" for applying their legal but discretionary authority for awarding legitimate or illegitimate benefits to clients. For example, taxpayers may bribe officials to lessen their tax burden.
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In retrospect it is not so surprising that free markets, or at least free markets with a government that permits and encourages rent seeking by the rich, should produce not equality but an extractive elite that predates on the population at large. Utopian rhetoric about freedom has led to an unjust
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An example of rent-seeking in a modern economy is spending money on lobbying for government subsidies to be given wealth that has already been created, or to impose regulations on competitors, to increase one's own market share. Another example of rent-seeking is the limiting of access to lucrative
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Rent-seeking can prove costly to economic growth; high rent-seeking activity makes more rent-seeking attractive because of the natural and growing returns that one sees as a result of rent-seeking. Thus organizations value rent-seeking over productivity. In this case, there are very high levels of
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economic theory describes rent-seeking in terms of land rent, where the value of land largely comes from the natural resources native to the land, as well as collectively paid for services, for example: State schools, law enforcement, fire prevention, mitigation services, etc. Rent seeking to the
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showed that the incentives for policy-makers to engage in rent-provision is conditional on the institutional incentives they face, with elected officials in stable high-income democracies the least likely to indulge in such activities vis-à-vis entrenched bureaucrats and/or their counterparts in
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in 1988 estimated that rent-seeking had decreased total income in the US by 45 percent. Both Dougan and Tullock affirm the difficulty of finding the cost of rent-seeking. Rent-seekers of government-provided benefits will in turn spend up to that amount of benefit to gain those benefits, in the
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suggest that the lack of empirical evidence on rent-seeking is due to the broad scope of rent-seeking and rent avoidance activities. Additionally, they suggest that many economic performance measures, such as Gross Domestic Product, include goods and services that are part of the rent-seeking
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Mark Gradstein writes about rent-seeking in relation to public goods provision, and says that public goods are determined by rent seeking or lobbying activities. But the question is whether private provision with free-riding incentives or public provision with rent-seeking incentives is more
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of rent-seeking can be considerable. If "buying" a favorable regulatory environment seems cheaper than building more efficient production, a firm may choose the former option, reaping incomes entirely unrelated to any contribution to total wealth or well-being. This results in a sub-optimal
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Political rent-seeking can also affect immigration. Welfare states incentivise unproductive migration and can create continuation of past behaviour of not accumulating personal wealth and being dependent on government transfers. Alternatively, productive migrants are incentivised to leave
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In some cases, rent-seeking can provide a net positive for an economy. Shannon K. Mitchell's article "The Welfare Effects of Rent-Saving and Rent-Seeking" provides such an example through a model of rent-seeking when firms need to expand to obtain their exporting rents.
1523:. According to some libertarian perspectives, taxi licensing is a textbook example of rent-seeking. To the extent that the issuing of licenses constrains overall supply of taxi services (rather than ensuring competence or quality), forbidding competition from other 1479:
Lack of trust between the rent-seekers and the politicians, due to the inherently underhanded nature of the deal and the unavailability of both legal recourse and reputational incentives to enforce compliance, pushes down the price that politicians can demand for
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rent-seeking with very low levels of output. Rent-seeking may grow at the cost of economic growth because rent-seeking by the state can easily hurt innovation. Ultimately, public rent-seeking hurts the economy the most because innovation drives economic growth.
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is defined by rent-seeking theorists as a strictly physical property but ignores the rights that surround and define the product. He further asserts that rent-seeking theorists ignore a fundamental principle of being economic actors: that we live in markets of
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Lotta Moberg presents an argument that export processing zones (EPZ) allow governments to choose exporting industries which receive tariffs allowing for rent seeking to take place. An example of this occurred in Latin America in the 1960s with
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Georgist does not include those persons that may have invested substantial capital improvements to a piece of land, but rather those that perform in their role as mere titleholder. This is the dividing line between a rent-seeker and a
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through lobbying for government policies that let the wealthy and powerful get income, not as a reward for creating wealth, but by grabbing a larger share of the wealth that would otherwise have been produced without their effort.
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after World War Two. But new coalitions form over time, once again shackling society to redistribute wealth and income to themselves. However, social and technological changes have allowed new enterprises and groups to emerge.
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is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth. Rent-seeking activities have negative effects on the rest of society. They result in reduced
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the fact or process of seeking to gain larger profits by manipulating public policy or economic conditions, esp. by means of securing beneficial subsidies or tariffs, making a product artificially scarce, etc.
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Government agents may initiate rent-seeking, as by soliciting bribes or other favors from the individuals or firms that stand to gain from having special economic privileges, which opens up the possibility of
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In the 1980s, critiques of rent-seeking theory began to emerge, questioning the ambiguity of the concept of "wasted resources" and the reliability of the assumptions being made from it. Samuels argues that
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Hamilton, Alexander (2013). "Small Is Beautiful, at Least in High-Income Democracies: The Distribution of Policy-Making Responsibility, Electoral Accountability, and Incentives for Rent Extraction".
1361:, but rent-seeking only became the subject of durable interest among economists and political scientists more than a century later after the publication of two influential papers on the topic by 5234: 5061: 1410:. Because the nature of rent-seeking implies a fixed cost payment, only wealthy participants engage in these activities as a means of protecting their wealth from expropriation. 1689: – which slows economic growth. Claims that a firm is rent-seeking therefore often accompany allegations of government corruption, or the undue influence of 1402:
in excess of what is needed to keep it employed in its current use) by manipulating the social or political environment in which economic activities occur, rather than by
1428:, in which entities seek to extract value by engaging in mutually beneficial transactions. Profit-seeking in this sense is the creation of wealth, while rent-seeking is " 1099: 1768:
have analyzed international economies and their changes in tax rates to conclude that much of income inequality is a result of rent-seeking among wealthy tax payers.
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Voters may punish politicians who take large bribes, or live lavish lifestyles. This makes it hard for politicians to demand large bribes from rent-seekers.
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renders the (otherwise consensual) transaction of taxi service a forced transfer of part of the fee, from customers to taxi business proprietors.
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Baohua, Liu; Yan, Lin; Kam.C, Chan; Hung-Gay, Fung (2018). "The dark side of rent-seeking: The impact of rent-seeking on earnings management".
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is an often-used label for this particular type of rent-seeking. Often-cited examples include a lobby that seeks economic regulations such as
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Rent-seekers can use a small part of the benefit gained to make contributions to the politicians who provided enabling legislation.
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while imposing disadvantages on their uncorrupt competitors. This is one of many possible forms of rent-seeking behavior.
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What do banks do, what should they do and what public policies are needed to ensure best results for the real economy?
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Competition between different politicians eager to offer favors to rent-seekers may bid down the cost of rent-seeking.
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says that there may be difficulties distinguishing between beneficial profit-seeking and detrimental rent-seeking.
1652: 1503:, of the pope using the temporal power to grant authority to a ruler contributing generously to the Catholic Church 1005: 3323: 5419: 5106: 4503: 3883: 5449: 5424: 5193: 5187: 4659: 4145: 1938: 1713:. It has also been shown that rent-seeking by tax officials may cause loss in revenue to the public exchequer. 1084: 5459: 5454: 5301: 5199: 5159: 4176: 3593: 1270: 1189: 771: 429: 5361: 5351: 5245: 5135: 4690: 1598: 821: 811: 4451: 3893: 3766: 998: 517: 454: 387: 365: 1406:. Rent-seeking implies extraction of uncompensated value from others without making any contribution to 5056: 3930: 3908: 2103: 1979: 1877: 1594: 1118: 1053: 826: 342: 3093: 1613:
The phenomenon of rent-seeking in connection with monopolies was first formally identified in 1967 by
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Tullock, Gordon (1980). "Efficient rent-seeking". In Buchanan, J.; Tollison, R.; Tullock, G. (eds.).
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social dystopia, not for the first time. Free markets with rent seekers are not the same as
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in 1974. The word "rent" does not refer specifically to payment on a lease but rather to
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Conybeare, John A. C. (1982). "The Rent-Seeking State and Revenue Diversification".
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Shannon, Mitchell (1993). "The Welfare Effects of Rent-Saving and Rent-Seeking".
2431: 2377: 1984: 1974: 1969: 1857: 1852: 1824: 1772: 1748: 1732: 1307: 1179: 1158: 1104: 1028: 986: 831: 736: 693: 673: 668: 658: 653: 575: 370: 3259: 2887: 1677: – money spent on lobbyists and counter-lobbyists rather than on 1377:, wage, and economic rent. The origin of the term refers to gaining control of 5036: 4992: 4909: 4435: 4206: 4189: 4126: 4099: 4082: 3771: 3704: 3668: 3648: 3451: 3443: 2803:
Tullock, Gordon (1967). "The Welfare Costs of Tariffs, Monopolies, and Theft".
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A Capitalism for the People: Recapturing the Lost Genius of American Prosperity
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A Capitalism for the People: Recapturing the Lost Genius of American Prosperity
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Tullock, Gordon (1967). "The Welfare Costs of Tariffs, Monopolies and Theft".
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is an attempt to obtain economic rent (i.e., the portion of income paid to a
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Economics in America: An Immigrant Economist Explores the Land of Inequality
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Krueger, Anne (1974). "The Political Economy of the Rent-Seeking Society".
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Gradstein, Mark (1993). "Rent Seeking and the Provision of Public Goods".
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but in doing so creates an exclusionary effect for more productive firms.
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The Price of Inequality: How Today's Divided Society Endangers Our Future
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Dougan, William R. (1991). "The Cost of Rent Seeking: Is GNP Negative?".
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Several possible explanations have been offered for the Tullock paradox:
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rent-seeking societies, possibly resulting in further economic decline.
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Commission for the Prevention of Corruption of the Republic of Slovenia
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The Rent-Seeking Society: The Selected Works of Gordon Tullock, Vol. 5
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Corrupt Bureaucracy and Privatization of Tax Enforcement in Bangladesh
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Corrupt Bureaucracy and Privatization of Tax Enforcement in Bangladesh
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Rent-seeking through government enterprise takes the form of seeking
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Securitisation, Shadow Banking and the Value of Financial Innovation
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Piketty, Thomas; Saez, Emmanuel; Stantcheva, Stefanie (2014).
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of politicians, are illegal in many market-driven economies.
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Dead Ends of Transition: Rentier Economies and Protectorates
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dollars, which is about 1% of the gain to the rent-seeker.
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Special Investigation Service of the Republic of Lithuania
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has argued that rent-seeking contributes significantly to
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Growing one's existing wealth without creating new wealth
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The Origin of the Family, Private Property and the State
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Murphy, Kevin; Shleifer, Andrei; Vishny, Robert (1993).
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of the consumer. It has been shown that rent-seeking by
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Governance and Economic Management Assistance Program
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Independent Commission Against Corruption (Hong Kong)
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markets; indeed, they are often exactly the opposite.
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profits in the standard, accounting sense of the word
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Anti-corruption and Economic Malpractice Observatory
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The Elgar Companion to Public Choice, Second Edition
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traced the historic consequences of rent seeking in
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Some rent-seeking behaviors, such as the forming of
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Citizen's Charter and Grievance Redressal Bill 2011
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The Invisible Hook: The Hidden Economics of Pirates
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(2006). 1357:, was coined by the British 19th-century economist 3041: 3012: 2680: 2550: 2347:Connes, Richard; Hartley, Roger (September 2003). 2021: 1507:The classic example of rent-seeking, according to 2519: 2517: 1643:and it's how we use these resources which drives 1330:in institutions, and potential national decline. 5441: 3363: 2986:American Economic Review: Papers and Proceedings 1461:in fact only a small fraction of that is spent. 2067:"Rent-seeking and Endogenous Income Inequality" 1341:can result in advantages for rent-seekers in a 5264:Central Steering Committee for Anti-Corruption 5131:Fiji Independent Commission Against Corruption 5062:UNCAC Coalition of Civil Society Organisations 2548: 2514: 1542:such as manipulating government regulation of 4625: 3594: 2346: 2165: 2163: 1424:Rent-seeking is distinguished in theory from 1271: 1006: 5367:United Nations Convention against Corruption 5347:Inter-American Convention Against Corruption 2088: 2086: 5405:Movement for Peace with Justice and Dignity 5240:Anti-Corruption and Civil Rights Commission 5084:Australian Criminal Intelligence Commission 3491:. 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C. (2007). 3062: 2581:The Political Economy of Rent-Seeking 2126: 1681:, on improved business practices, on 1392:, which need not be the same person. 5395:2012 Indian anti-corruption movement 5390:2011 Indian anti-corruption movement 5171:Malaysian Anti-Corruption Commission 5101:National Anti-Corruption Observatory 3295: 3289: 2042:participating institution membership 1603:innovation in the financial industry 1444:The Tullock paradox is the apparent 5317:The Lokpal and Lokayuktas Act, 2013 5212:National Anticorruption Directorate 5206:Anti-Corruption General Directorate 3282:Stiglitz, Joseph E. (4 June 2012). 2876:"A Critique of Rent-seeking Theory" 1668:From a theoretical standpoint, the 1519:or modern state certifications and 13: 5042:Group of States Against Corruption 3436:The Encyclopedia of Libertarianism 3400: 3298:"How rich "moochers" hurt America" 3090:10.1002/j.2325-8012.2007.tb00826.x 2817:10.1111/j.1465-7295.1967.tb01923.x 2245: 1597:, the former chair of the British 1439: 1035: 14: 5471: 5218:Investigative Committee of Russia 3541:Concise Encyclopedia of Economics 3515: 2882:. Vol. 2. pp. 111–128. 2714:The Canadian Journal of Economics 2479:"An Introduction to Rent Seeking" 2433:Passional Christi und Antichristi 1605:is often a form of rent-seeking. 1247:International Competition Network 5410:Russian anti-corruption campaign 5400:Anti-austerity movement in Spain 5307:Foreign Extortion Prevention Act 4581: 4580: 3546:Library of Economics and Liberty 3407:Chowdhury, Faizul Latif (2006). 3286:. p. 32. Norton. Kindle Edition. 2921:The Review of Austrian Economics 2578:Rowley, Charles Kershaw (1988). 2524:Chowdhury, Faizul Latif (2006). 1831: 1817: 1803: 1653:The Review of Austrian Economics 980: 968: 5246:Servicio de Vigilancia Aduanera 5107:National Supervisory Commission 3357: 3296:Lind, Michael (22 March 2013). 3239: 3212: 2904: 2823: 2796: 2772:Turner, Adair (17 March 2010). 2765: 2747:Turner, Adair (19 April 2012). 2740: 2705: 2672: 2637: 2598: 2571: 2542: 2489: 2470: 2440: 2423: 2409:. Basic Books. pp. 75–78. 2376:Zingales, Luigi (5 June 2012). 2369: 2064: 1740:inefficient in its allocation. 1721:The Rise and Decline of Nations 1548:monopoly privilege rent-seeking 5194:Investigation Task Force Sweep 5188:National Accountability Bureau 4660:Corruption in local government 4648:Corruption in different fields 4639: 4146:Right of way (property access) 3544:(2nd ed.). Indianapolis: 2557:. New York: Worth Publishers. 2353:Discussion Papers in Economics 2270: 2239: 2190: 2141: 2120: 2058: 2013: 1939:The Logic of Collective Action 1348: 1335:capture of regulatory agencies 1252:List of competition regulators 1: 5302:Foreign Corrupt Practices Act 5200:Central Anticorruption Bureau 2957:State, class, and development 2687:Journal of Private Enterprise 2658:10.1016/j.jbusres.2018.05.037 2477:Samples, John (30 May 2012). 2197:Chakraborty, Shankha (2005). 2006: 1625:young and quasi-democracies. 1381:or other natural resources. 772:Critique of political economy 430:Critique of political economy 5362:OECD Anti-Bribery Convention 5352:International asset recovery 5136:Central Vigilance Commission 4691:Corruption Perceptions Index 3608: 3151:Journal of Political Economy 3048:. Aldine-Atherton, Chicago. 2646:Journal of Business Research 1628: 1599:Financial Services Authority 1515:occupations, as by medieval 1373:'s division of incomes into 822:Periodizations of capitalism 7: 5420:2017–2019 Romanian protests 4452:Two Treatises of Government 3260:10.4337/9781849802857.00032 2955:Eisenhans, Hartmut (1996). 2888:10.1007/978-1-349-12377-3_6 2605:Saperstein, Lanier (1997). 2528:. Pathak Shamabesh, Dhaka. 2496:McTaggart, Douglas (2012). 1796: 1487: 518:Simple commodity production 10: 5476: 5425:2017–2018 Russian protests 5057:Transparency International 5032:Global Financial Integrity 3452:10.4135/9781412965811.n259 3040:Niskanen, William (1971). 2104:Princeton University Press 1980:Tragedy of the anticommons 1300:misallocation of resources 1119:Anti-competitive practices 1085:Herfindahl–Hirschman index 1054:History of competition law 827:Perspectives on capitalism 5385:2011 Azerbaijani protests 5375: 5335: 5286: 5277: 5070: 5024: 5015: 4970: 4872: 4862:Offshore financial centre 4713: 4704: 4683: 4665:Interest group corruption 4647: 4576: 4373: 4175: 4055: 3948: 3941: 3790: 3747: 3692: 3616: 3382:10.1007/s11127-018-0566-9 3114:Leeson, Peter T. (2009). 3078:Southern Economic Journal 2584:. Springer. p. 226. 2392:– via Google Books. 2365:– via ResearchGate. 2207:10.5089/9781451860627.001 2029:Oxford English Dictionary 1448:, described by economist 5327:Whistleblower protection 4815:Cryptocurrency and crime 4504:The Great Transformation 3862:Labor theory of property 3506:Tullock, Gordon (2005). 3366:"Measuring rent-seeking" 2805:Western Economic Journal 2403:Zingales, Luigi (2014). 2172:American Economic Review 2150:Western Economic Journal 1679:research and development 98:Economic interventionism 4696:Economics of corruption 4073:Forest-dwelling (India) 4035:restraint on alienation 3815:Common good (economics) 3572:Rent-Seeking as Process 3426:Ikeda, Sanford (2008). 2874:Samuels, W. J. (1992). 2553:International Economics 2430:Luther, Martin (1521). 2034:Oxford University Press 1675:allocation of resources 1501:Lucas Cranach the Elder 767:Criticism of capitalism 5322:UK Bribery Act of 2010 5078:Oficina Anticorrupción 4827:Noble cause corruption 4684:Measures of corruption 4512:Pierre-Joseph Proudhon 4286:Primitive accumulation 4141:Right of way (transit) 3926:Tragedy of the commons 3808:fictitious commodities 3246:Hillman, Ayre (2013). 2959:. Radiant Publishers. 2911:Pasour, E. C. (1987). 2840:10.1596/1813-9450-6305 2679:Moberg, Lotta (2018). 1950:Occupational licensing 1794: 1731:A study by Laband and 1546:competition. The term 1504: 1164:Occupational licensing 1040: 797:Exploitation of labour 508:Primitive accumulation 5450:Factors of production 5052:Mo Ibrahim Foundation 4832:Professional courtesy 4795:Honest services fraud 4565:The Wealth of Nations 4545:Jean-Jacques Rousseau 4537:The Ethics of Liberty 3438:. Thousand Oaks, CA: 2456:project-syndicate.org 2450:(20 September 2013). 1903:Intellectual property 1785: 1664:Possible consequences 1609:Development of theory 1495: 1465:Possible explanations 1039: 975:Capitalism portal 787:Culture of capitalism 742:Capitalist propaganda 498:Industrial Revolution 488:Commercial Revolution 5460:Public choice theory 5455:Political corruption 5016:Institutions dealing 4750:Conflict of interest 4675:Political corruption 4428:Progress and Poverty 3762:Common-pool resource 3254:. pp. 307–330. 3186:The Economic Journal 3103:on 16 December 2019. 1878:Elasticity of supply 1620:A 2013 study by the 1400:factor of production 1207:Occupational closure 1202:Dividing territories 1190:Essential facilities 1090:Market concentration 950:Right-libertarianism 880:Classical liberalism 847:Venture philanthropy 483:Capitalism and Islam 478:Age of Enlightenment 73:Capital accumulation 4857:Offshore investment 4551:The Social Contract 4239:population transfer 4156:prior-appropriation 3835:homestead principle 3532:Henderson, David R. 3446:. pp. 422–23. 3343:10.1257/pol.6.1.230 2466:on 16 October 2021. 2128:Henderson, David R. 2032:(Online ed.). 1766:Stefanie Stantcheva 1685:, or on additional 1601:, have argued that 1593:Economists such as 1540:monopoly privileges 1404:creating new wealth 1337:(if any) to gain a 1296:economic efficiency 987:Business portal 103:Economic liberalism 93:Competitive markets 5258:Warioba Commission 5196:(Papua New Guinea) 4940:Regulatory capture 4745:Commercial bribery 4531:Murray N. Rothbard 3842:Free-rider problem 3219:Nannestad, Peter. 3192:(420): 1236–1243. 2934:10.1007/BF01539337 2792:on 7 October 2010. 2761:on 3 October 2012. 2483:libertarianism.org 2000:White-collar crime 1960:Prisoner's dilemma 1535:Regulatory capture 1505: 1390:property developer 1318:, risk of growing 1312:government revenue 1226:Regulatory capture 1041: 747:Capitalist realism 138:Goods and services 118:Fictitious capital 5437: 5436: 5433: 5432: 5273: 5272: 5011: 5010: 4988:Election security 4935:Political scandal 4670:Police corruption 4607: 4606: 4518:What Is Property? 4311:human trafficking 4296:Regulatory taking 4171: 4170: 3916:Right to property 3555:978-0-86597-665-8 3498:978-0-333-37235-7 3461:978-1-4129-6580-4 3418:978-984-8120-62-0 3127:978-0-691-15009-3 3055:978-0-202-06040-8 3026:978-3-593-38154-1 3019:. Campus Verlag. 2966:978-81-7027-214-4 2897:978-1-349-12379-7 2591:978-0-89838-241-9 2564:978-0-7167-9283-3 2535:978-984-8120-62-0 2507:978-1-4425-5077-3 2460:Project Syndicate 2416:978-0-465-03870-1 2389:978-0-465-02947-1 2355:. No. 3/17. 2258:on 3 January 2006 2216:978-1-4518-6062-7 2040:(Subscription or 1990:Unjust enrichment 1888:Geolibertarianism 1691:special interests 1683:employee training 1645:supply and demand 1595:Lord Adair Turner 1525:vehicles for hire 1339:coercive monopoly 1316:income inequality 1288: 1287: 1217:Misuse of patents 1212:Predatory pricing 1197:Exclusive dealing 1080:Barriers to entry 1068:Coercive monopoly 1023: 1022: 842:Spontaneous order 812:History of theory 455:New institutional 425:Market monetarism 360:Economic theories 193:Supply and demand 128:Free price system 5467: 5284: 5283: 5022: 5021: 5003:Vote suppression 4890:Crony capitalism 4820:Hawala and crime 4810:Money laundering 4790:Graft (politics) 4770:Confidence trick 4711: 4710: 4705:Forms or aspects 4634: 4627: 4620: 4611: 4610: 4584: 4583: 4488:John Stuart Mill 4408:Friedrich Engels 4389:Frédéric Bastiat 4382: 4234:Forced migration 4202:Collectivization 3946: 3945: 3825:First possession 3798:Bundle of rights 3603: 3596: 3589: 3580: 3579: 3567: 3511: 3502: 3481: 3422: 3394: 3393: 3361: 3355: 3354: 3328: 3319: 3313: 3312: 3310: 3308: 3293: 3287: 3280: 3274: 3273: 3243: 3237: 3236: 3234: 3232: 3216: 3210: 3209: 3181: 3175: 3174: 3146: 3140: 3139: 3111: 3105: 3104: 3102: 3096:. Archived from 3075: 3066: 3060: 3059: 3047: 3037: 3031: 3030: 3018: 3008: 3002: 3001: 2977: 2971: 2970: 2952: 2946: 2945: 2917: 2908: 2902: 2901: 2871: 2862: 2861: 2851: 2827: 2821: 2820: 2800: 2794: 2793: 2791: 2785:. Archived from 2780: 2769: 2763: 2762: 2760: 2753: 2744: 2738: 2737: 2709: 2703: 2702: 2684: 2676: 2670: 2669: 2641: 2635: 2634: 2617:(4): 1470–1510. 2602: 2596: 2595: 2575: 2569: 2568: 2556: 2546: 2540: 2539: 2521: 2512: 2511: 2493: 2487: 2486: 2474: 2468: 2467: 2462:. Archived from 2444: 2438: 2437: 2427: 2421: 2420: 2400: 2394: 2393: 2373: 2367: 2366: 2364: 2344: 2338: 2337: 2319: 2313: 2312: 2274: 2268: 2267: 2265: 2263: 2254:. Archived from 2246:Schenk, Robert. 2243: 2237: 2236: 2194: 2188: 2187: 2167: 2158: 2157: 2145: 2139: 2138: 2124: 2118: 2117: 2090: 2081: 2080: 2078: 2076: 2071: 2062: 2056: 2045: 2037: 2025: 2017: 1883:Enshittification 1868:Crony capitalism 1841: 1836: 1835: 1827: 1822: 1821: 1813: 1811:economics portal 1808: 1807: 1658:Ernest C. Pasour 1641:scarce resources 1576:Joaquín Balaguer 1538:capture special 1280: 1273: 1266: 1171:Product bundling 1073:Natural monopoly 1025: 1024: 1015: 1008: 1001: 985: 984: 973: 972: 777:Critique of work 752:Capitalist state 435:Critique of work 318:Regulated market 220:Economic systems 173:Private property 123:Financial market 113:Entrepreneurship 108:Economic surplus 21: 20: 5475: 5474: 5470: 5469: 5468: 5466: 5465: 5464: 5440: 5439: 5438: 5429: 5377: 5371: 5339: 5337: 5331: 5288: 5279:Anti-corruption 5269: 5066: 5018:with corruption 5017: 5007: 4983:Electoral fraud 4978:Ballot stuffing 4966: 4868: 4706: 4700: 4679: 4655:Corporate crime 4643: 4638: 4608: 4603: 4572: 4376: 4375: 4369: 4319:husband-selling 4256:Illegal logging 4251:Illegal fishing 4180: 4167: 4078:Freedom to roam 4051: 3964:(agrarian land) 3937: 3894:Property rights 3786: 3743: 3705:Estate (landed) 3688: 3612: 3607: 3575:by Mushtaq Khan 3556: 3518: 3499: 3462: 3419: 3403: 3401:Further reading 3398: 3397: 3362: 3358: 3326: 3320: 3316: 3306: 3304: 3294: 3290: 3281: 3277: 3270: 3244: 3240: 3230: 3228: 3217: 3213: 3198:10.2307/2234249 3182: 3178: 3147: 3143: 3128: 3112: 3108: 3100: 3073: 3067: 3063: 3056: 3038: 3034: 3027: 3009: 3005: 2978: 2974: 2967: 2953: 2949: 2915: 2909: 2905: 2898: 2872: 2865: 2828: 2824: 2801: 2797: 2789: 2778: 2770: 2766: 2758: 2751: 2745: 2741: 2710: 2706: 2677: 2673: 2642: 2638: 2623:10.2307/1144023 2603: 2599: 2592: 2576: 2572: 2565: 2547: 2543: 2536: 2522: 2515: 2508: 2494: 2490: 2475: 2471: 2448:Shiller, Robert 2445: 2441: 2428: 2424: 2417: 2401: 2397: 2390: 2382:. Basic Books. 2374: 2370: 2362:10.1.1.624.4082 2345: 2341: 2334: 2320: 2316: 2293:10.2307/2010278 2275: 2271: 2261: 2259: 2244: 2240: 2217: 2195: 2191: 2168: 2161: 2146: 2142: 2125: 2121: 2114: 2091: 2084: 2074: 2072: 2069: 2063: 2059: 2039: 2018: 2014: 2009: 2004: 1985:Unearned income 1975:Software patent 1970:Royalty payment 1858:Competition law 1853:Client politics 1837: 1830: 1825:business portal 1823: 1816: 1809: 1802: 1799: 1773:John Sophocleus 1749:Joseph Stiglitz 1733:John Sophocleus 1666: 1631: 1611: 1544:free enterprise 1499:, a woodcut by 1490: 1467: 1442: 1440:Tullock paradox 1351: 1308:wealth creation 1284: 1180:Refusal to deal 1159:Tacit collusion 1105:Relevant market 1029:Competition law 1019: 979: 967: 960: 959: 865: 857: 856: 832:Post-capitalism 737:Anti-capitalism 732: 724: 723: 619: 611: 610: 531: 523: 522: 473: 465: 464: 361: 353: 352: 343:State-sponsored 221: 213: 212: 78:Capital markets 43: 17: 12: 11: 5: 5473: 5463: 5462: 5457: 5452: 5435: 5434: 5431: 5430: 5428: 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3176: 3163:10.1086/261773 3157:(3): 660–664. 3141: 3126: 3106: 3061: 3054: 3032: 3025: 3003: 2992:(2): 409–414. 2972: 2965: 2947: 2928:(1): 123–143. 2903: 2896: 2863: 2822: 2795: 2764: 2739: 2726:10.2307/135893 2704: 2671: 2636: 2597: 2590: 2570: 2563: 2541: 2534: 2513: 2506: 2488: 2469: 2439: 2422: 2415: 2395: 2388: 2368: 2339: 2332: 2314: 2280:World Politics 2269: 2252:CyberEconomics 2248:"Rent Seeking" 2238: 2215: 2189: 2178:(3): 291–303. 2159: 2140: 2131:"Rent Seeking" 2119: 2113:978-0691247625 2112: 2106:. p. 95. 2082: 2057: 2023:"rent-seeking" 2011: 2010: 2008: 2005: 2003: 2002: 1997: 1992: 1987: 1982: 1977: 1972: 1967: 1962: 1957: 1952: 1947: 1942: 1935: 1930: 1920: 1918:Land value tax 1915: 1910: 1905: 1900: 1895: 1890: 1885: 1880: 1875: 1873:Cybersquatting 1870: 1865: 1860: 1855: 1850: 1844: 1843: 1842: 1828: 1814: 1798: 1795: 1758:Thomas Piketty 1665: 1662: 1630: 1627: 1615:Gordon Tullock 1610: 1607: 1509:Robert Shiller 1489: 1486: 1485: 1484: 1481: 1477: 1474: 1466: 1463: 1458:Luigi Zingales 1450:Gordon Tullock 1441: 1438: 1426:profit-seeking 1363:Gordon Tullock 1350: 1347: 1286: 1285: 1283: 1282: 1275: 1268: 1260: 1257: 1256: 1255: 1254: 1249: 1241: 1240: 1236: 1235: 1234: 1233: 1228: 1223: 1214: 1209: 1204: 1199: 1194: 1193: 1192: 1187: 1177: 1168: 1167: 1166: 1161: 1156: 1151: 1141: 1130: 1128:Monopolization 1122: 1121: 1115: 1114: 1113: 1112: 1110:Merger control 1107: 1102: 1097: 1092: 1087: 1082: 1077: 1076: 1075: 1070: 1056: 1048: 1047: 1046:Basic concepts 1043: 1042: 1032: 1031: 1021: 1020: 1018: 1017: 1010: 1003: 995: 992: 991: 990: 989: 977: 962: 961: 958: 957: 952: 947: 942: 940:Ordoliberalism 937: 932: 927: 922: 917: 912: 907: 902: 897: 892: 887: 882: 877: 872: 866: 863: 862: 859: 858: 855: 854: 849: 844: 839: 834: 829: 824: 819: 817:Market economy 814: 809: 804: 799: 794: 789: 784: 779: 774: 769: 764: 759: 754: 749: 744: 739: 733: 731:Related topics 730: 729: 726: 725: 722: 721: 716: 711: 706: 701: 696: 691: 686: 681: 676: 671: 666: 661: 656: 651: 646: 641: 636: 631: 626: 620: 617: 616: 613: 612: 609: 608: 603: 601:State monopoly 598: 593: 588: 583: 578: 573: 568: 563: 558: 553: 548: 543: 538: 532: 529: 528: 525: 524: 521: 520: 515: 510: 505: 500: 495: 490: 485: 480: 474: 471: 470: 467: 466: 463: 462: 457: 452: 447: 442: 437: 432: 427: 422: 421: 420: 415: 410: 400: 395: 390: 385: 384: 383: 373: 368: 362: 359: 358: 355: 354: 351: 350: 345: 340: 335: 330: 325: 320: 315: 310: 305: 300: 295: 290: 285: 280: 275: 270: 265: 260: 253: 248: 243: 238: 233: 228: 222: 219: 218: 215: 214: 211: 210: 205: 200: 195: 190: 185: 180: 175: 170: 165: 160: 158:Liberalization 155: 150: 148:Invisible hand 145: 140: 135: 130: 125: 120: 115: 110: 105: 100: 95: 90: 85: 80: 75: 70: 65: 63:Businessperson 60: 58:Business cycle 55: 50: 44: 41: 40: 37: 36: 30: 29: 15: 9: 6: 4: 3: 2: 5472: 5461: 5458: 5456: 5453: 5451: 5448: 5447: 5445: 5426: 5423: 5421: 5418: 5416: 5413: 5411: 5408: 5406: 5403: 5401: 5398: 5396: 5393: 5391: 5388: 5386: 5383: 5382: 5380: 5374: 5368: 5365: 5363: 5360: 5358: 5355: 5353: 5350: 5348: 5345: 5344: 5342: 5336:International 5334: 5328: 5325: 5323: 5320: 5318: 5315: 5313: 5310: 5308: 5305: 5303: 5300: 5297: 5294: 5293: 5291: 5285: 5282: 5280: 5276: 5265: 5262: 5259: 5256: 5253: 5250: 5247: 5244: 5242:(South Korea) 5241: 5238: 5236: 5233: 5230: 5227: 5225: 5222: 5219: 5216: 5213: 5210: 5207: 5204: 5201: 5198: 5195: 5192: 5189: 5186: 5183: 5180: 5177: 5174: 5172: 5169: 5166: 5163: 5161: 5158: 5155: 5152: 5149: 5146: 5143: 5140: 5137: 5134: 5132: 5129: 5126: 5123: 5119: 5116: 5114: 5111: 5110: 5108: 5105: 5102: 5099: 5096: 5093: 5090: 5087: 5085: 5082: 5079: 5076: 5075: 5073: 5069: 5063: 5060: 5058: 5055: 5053: 5050: 5048: 5045: 5043: 5040: 5038: 5035: 5033: 5030: 5029: 5027: 5025:International 5023: 5020: 5014: 5004: 5001: 4999: 4996: 4994: 4991: 4989: 4986: 4984: 4981: 4979: 4976: 4975: 4973: 4969: 4963: 4960: 4958: 4957:State capture 4955: 4951: 4948: 4947: 4946: 4943: 4941: 4938: 4936: 4933: 4931: 4928: 4926: 4923: 4921: 4918: 4916: 4913: 4911: 4908: 4906: 4903: 4901: 4900:Elite capture 4898: 4896: 4893: 4891: 4888: 4886: 4883: 4881: 4878: 4877: 4875: 4871: 4863: 4860: 4858: 4855: 4854: 4853: 4850: 4848: 4845: 4843: 4840: 4838: 4835: 4833: 4830: 4828: 4825: 4821: 4818: 4816: 4813: 4812: 4811: 4808: 4806: 4803: 4801: 4798: 4796: 4793: 4791: 4788: 4786: 4783: 4781: 4778: 4776: 4773: 4771: 4768: 4764: 4761: 4759: 4756: 4755: 4753: 4751: 4748: 4746: 4743: 4741: 4738: 4736: 4733: 4731: 4727: 4724: 4722: 4719: 4718: 4716: 4712: 4709: 4707:of corruption 4703: 4697: 4694: 4692: 4689: 4688: 4686: 4682: 4676: 4673: 4671: 4668: 4666: 4663: 4661: 4658: 4656: 4653: 4652: 4650: 4646: 4642: 4635: 4630: 4628: 4623: 4621: 4616: 4615: 4612: 4598: 4595: 4594: 4593: 4590: 4588: 4585:Categories: 4579: 4578: 4575: 4567: 4566: 4562: 4561: 4560: 4557: 4553: 4552: 4548: 4547: 4546: 4543: 4539: 4538: 4534: 4533: 4532: 4529: 4527: 4526:David Ricardo 4524: 4520: 4519: 4515: 4514: 4513: 4510: 4506: 4505: 4501: 4500: 4499: 4496: 4494: 4493:Elinor Ostrom 4491: 4489: 4486: 4482: 4481: 4477: 4476: 4475: 4472: 4468: 4467: 4463: 4462: 4461: 4458: 4454: 4453: 4449: 4448: 4447: 4444: 4442: 4439: 4437: 4434: 4430: 4429: 4425: 4424: 4423: 4420: 4416: 4415: 4411: 4410: 4409: 4406: 4404: 4401: 4397: 4396: 4392: 4391: 4390: 4387: 4386: 4384: 4380: 4372: 4366: 4363: 4359: 4356: 4354: 4351: 4349: 4346: 4344: 4341: 4340: 4339: 4336: 4332: 4329: 4325: 4322: 4320: 4317: 4316: 4314: 4312: 4309: 4307: 4304: 4303: 4302: 4299: 4297: 4294: 4292: 4291:Privatization 4289: 4287: 4284: 4282: 4279: 4277: 4274: 4272: 4271:Legal plunder 4269: 4267: 4264: 4262: 4259: 4257: 4254: 4252: 4249: 4245: 4242: 4240: 4237: 4236: 4235: 4232: 4230: 4229: 4225: 4223: 4222:Expropriation 4220: 4218: 4215: 4213: 4210: 4208: 4205: 4203: 4200: 4196: 4193: 4192: 4191: 4188: 4187: 4185: 4183: 4178: 4174: 4162: 4159: 4157: 4154: 4153: 4152: 4149: 4147: 4144: 4142: 4139: 4135: 4134: 4130: 4129: 4128: 4125: 4123: 4120: 4116: 4113: 4111: 4108: 4106: 4103: 4102: 4101: 4098: 4096: 4093: 4089: 4086: 4085: 4084: 4081: 4079: 4076: 4074: 4071: 4069: 4066: 4064: 4061: 4060: 4058: 4054: 4046: 4043: 4041: 4038: 4036: 4033: 4031: 4028: 4026: 4023: 4022: 4021: 4018: 4016: 4013: 4009: 4006: 4005: 4004: 4001: 3999: 3998: 3994: 3992: 3989: 3985: 3982: 3980: 3977: 3975: 3972: 3971: 3970: 3967: 3965: 3963: 3959: 3957: 3956:(watercourse) 3955: 3951: 3950: 3947: 3944: 3940: 3932: 3929: 3928: 3927: 3924: 3922: 3919: 3917: 3914: 3910: 3907: 3905: 3902: 3900: 3899:primogeniture 3897: 3896: 3895: 3892: 3890: 3887: 3885: 3882: 3880: 3879:Legal plunder 3877: 3873: 3870: 3869: 3868: 3865: 3863: 3860: 3858: 3855: 3853: 3850: 3848: 3845: 3843: 3840: 3836: 3833: 3831: 3830:appropriation 3828: 3827: 3826: 3823: 3821: 3820:Excludability 3818: 3816: 3813: 3809: 3806: 3805: 3804: 3801: 3799: 3796: 3795: 3793: 3789: 3783: 3780: 3778: 3775: 3773: 3770: 3768: 3765: 3763: 3760: 3758: 3755: 3754: 3752: 3750: 3746: 3738: 3735: 3734: 3733: 3730: 3728: 3725: 3721: 3718: 3717: 3716: 3713: 3711: 3708: 3706: 3703: 3701: 3698: 3697: 3695: 3691: 3685: 3682: 3680: 3677: 3675: 3672: 3670: 3667: 3665: 3662: 3660: 3657: 3655: 3652: 3650: 3647: 3645: 3642: 3640: 3637: 3635: 3632: 3630: 3627: 3625: 3622: 3621: 3619: 3615: 3611: 3604: 3599: 3597: 3592: 3590: 3585: 3584: 3581: 3574: 3573: 3569: 3565: 3561: 3557: 3551: 3547: 3543: 3542: 3537: 3533: 3529: 3527: 3526:The Economist 3523: 3520: 3519: 3509: 3504: 3500: 3494: 3490: 3489: 3483: 3479: 3475: 3471: 3467: 3463: 3457: 3453: 3449: 3445: 3441: 3437: 3433: 3429: 3424: 3420: 3414: 3410: 3405: 3404: 3391: 3387: 3383: 3379: 3375: 3371: 3370:Public Choice 3367: 3360: 3352: 3348: 3344: 3340: 3337:(1): 230–71. 3336: 3332: 3325: 3318: 3303: 3299: 3292: 3285: 3279: 3271: 3269:9781849806039 3265: 3261: 3257: 3253: 3249: 3242: 3226: 3222: 3215: 3207: 3203: 3199: 3195: 3191: 3187: 3180: 3172: 3168: 3164: 3160: 3156: 3152: 3145: 3137: 3133: 3129: 3123: 3119: 3118: 3110: 3099: 3095: 3091: 3087: 3083: 3079: 3072: 3065: 3057: 3051: 3046: 3045: 3036: 3028: 3022: 3017: 3016: 3007: 2999: 2995: 2991: 2987: 2983: 2976: 2968: 2962: 2958: 2951: 2943: 2939: 2935: 2931: 2927: 2923: 2922: 2914: 2907: 2899: 2893: 2889: 2885: 2881: 2877: 2870: 2868: 2859: 2855: 2850: 2845: 2841: 2837: 2833: 2826: 2818: 2814: 2811:(3): 224–32. 2810: 2806: 2799: 2788: 2784: 2777: 2776: 2768: 2757: 2750: 2743: 2735: 2731: 2727: 2723: 2719: 2715: 2708: 2700: 2696: 2692: 2688: 2683: 2675: 2667: 2663: 2659: 2655: 2652:(1): 94–107. 2651: 2647: 2640: 2632: 2628: 2624: 2620: 2616: 2612: 2608: 2601: 2593: 2587: 2583: 2582: 2574: 2566: 2560: 2555: 2554: 2545: 2537: 2531: 2527: 2520: 2518: 2509: 2503: 2499: 2492: 2484: 2480: 2473: 2465: 2461: 2457: 2453: 2449: 2443: 2435: 2434: 2426: 2418: 2412: 2408: 2407: 2399: 2391: 2385: 2381: 2380: 2372: 2363: 2358: 2354: 2350: 2343: 2335: 2333:0-89096-090-9 2329: 2325: 2318: 2310: 2306: 2302: 2298: 2294: 2290: 2286: 2282: 2281: 2273: 2257: 2253: 2249: 2242: 2234: 2230: 2226: 2222: 2218: 2212: 2208: 2204: 2200: 2193: 2185: 2181: 2177: 2173: 2166: 2164: 2155: 2151: 2144: 2136: 2132: 2129: 2123: 2115: 2109: 2105: 2101: 2100: 2095: 2094:Deaton, Angus 2089: 2087: 2068: 2061: 2053: 2049: 2043: 2035: 2031: 2030: 2024: 2016: 2012: 2001: 1998: 1996: 1995:Value capture 1993: 1991: 1988: 1986: 1983: 1981: 1978: 1976: 1973: 1971: 1968: 1966: 1965:Rentier state 1963: 1961: 1958: 1956: 1953: 1951: 1948: 1946: 1943: 1941: 1940: 1936: 1934: 1933:Legal plunder 1931: 1928: 1924: 1921: 1919: 1916: 1914: 1913:Land monopoly 1911: 1909: 1908:Landed gentry 1906: 1904: 1901: 1899: 1896: 1894: 1891: 1889: 1886: 1884: 1881: 1879: 1876: 1874: 1871: 1869: 1866: 1864: 1861: 1859: 1856: 1854: 1851: 1849: 1846: 1845: 1840: 1834: 1829: 1826: 1820: 1815: 1812: 1806: 1801: 1793: 1791: 1784: 1782: 1777: 1774: 1769: 1767: 1763: 1762:Emmanuel Saez 1759: 1754: 1750: 1745: 1741: 1737: 1734: 1729: 1726: 1722: 1718: 1714: 1712: 1708: 1704: 1698: 1694: 1692: 1688: 1687:capital goods 1684: 1680: 1676: 1671: 1661: 1659: 1655: 1654: 1648: 1646: 1642: 1637: 1626: 1623: 1618: 1616: 1606: 1604: 1600: 1596: 1591: 1587: 1585: 1581: 1577: 1571: 1569: 1565: 1562:and avoiding 1561: 1556: 1553: 1549: 1545: 1541: 1536: 1532: 1528: 1526: 1522: 1518: 1512: 1510: 1502: 1498: 1494: 1482: 1478: 1475: 1472: 1471: 1470: 1462: 1459: 1453: 1451: 1447: 1437: 1435: 1431: 1427: 1422: 1420: 1416: 1411: 1409: 1405: 1401: 1397: 1393: 1391: 1386: 1382: 1380: 1376: 1372: 1368: 1365:in 1967, and 1364: 1360: 1359:David Ricardo 1356: 1355:economic rent 1346: 1344: 1340: 1336: 1331: 1329: 1325: 1321: 1317: 1314:, heightened 1313: 1309: 1305: 1301: 1297: 1292: 1281: 1276: 1274: 1269: 1267: 1262: 1261: 1259: 1258: 1253: 1250: 1248: 1245: 1244: 1243: 1242: 1238: 1237: 1232: 1229: 1227: 1224: 1222: 1218: 1215: 1213: 1210: 1208: 1205: 1203: 1200: 1198: 1195: 1191: 1188: 1186: 1185:Group boycott 1183: 1182: 1181: 1178: 1176: 1172: 1169: 1165: 1162: 1160: 1157: 1155: 1152: 1149: 1145: 1142: 1140: 1137:Formation of 1136: 1135: 1134: 1131: 1129: 1126: 1125: 1124: 1123: 1120: 1117: 1116: 1111: 1108: 1106: 1103: 1101: 1098: 1096: 1093: 1091: 1088: 1086: 1083: 1081: 1078: 1074: 1071: 1069: 1066: 1065: 1064: 1060: 1057: 1055: 1052: 1051: 1050: 1049: 1045: 1044: 1038: 1034: 1033: 1030: 1027: 1026: 1016: 1011: 1009: 1004: 1002: 997: 996: 994: 993: 988: 983: 978: 976: 971: 966: 965: 964: 963: 956: 953: 951: 948: 946: 943: 941: 938: 936: 933: 931: 930:Neoliberalism 928: 926: 923: 921: 918: 916: 913: 911: 908: 906: 903: 901: 898: 896: 893: 891: 888: 886: 883: 881: 878: 876: 875:Authoritarian 873: 871: 868: 867: 861: 860: 853: 850: 848: 845: 843: 840: 838: 835: 833: 830: 828: 825: 823: 820: 818: 815: 813: 810: 808: 805: 803: 802:Globalization 800: 798: 795: 793: 790: 788: 785: 783: 780: 778: 775: 773: 770: 768: 765: 763: 762:Crisis theory 760: 758: 755: 753: 750: 748: 745: 743: 740: 738: 735: 734: 728: 727: 720: 717: 715: 712: 710: 707: 705: 702: 700: 697: 695: 692: 690: 687: 685: 682: 680: 677: 675: 672: 670: 667: 665: 662: 660: 657: 655: 652: 650: 647: 645: 642: 640: 637: 635: 632: 630: 627: 625: 622: 621: 618:Intellectuals 615: 614: 607: 606:Technological 604: 602: 599: 597: 594: 592: 589: 587: 584: 582: 579: 577: 574: 572: 569: 567: 564: 562: 559: 557: 554: 552: 549: 547: 544: 542: 539: 537: 534: 533: 527: 526: 519: 516: 514: 511: 509: 506: 504: 501: 499: 496: 494: 491: 489: 486: 484: 481: 479: 476: 475: 469: 468: 461: 458: 456: 453: 451: 448: 446: 443: 441: 438: 436: 433: 431: 428: 426: 423: 419: 416: 414: 411: 409: 406: 405: 404: 401: 399: 398:Institutional 396: 394: 391: 389: 386: 382: 379: 378: 377: 374: 372: 369: 367: 364: 363: 357: 356: 349: 346: 344: 341: 339: 336: 334: 331: 329: 326: 324: 321: 319: 316: 314: 311: 309: 306: 304: 301: 299: 296: 294: 291: 289: 286: 284: 281: 279: 276: 274: 271: 269: 266: 264: 261: 259: 258: 257:Laissez-faire 254: 252: 249: 247: 244: 242: 239: 237: 234: 232: 231:Authoritarian 229: 227: 224: 223: 217: 216: 209: 206: 204: 201: 199: 198:Surplus value 196: 194: 191: 189: 186: 184: 181: 179: 178:Privatization 176: 174: 171: 169: 166: 164: 161: 159: 156: 154: 151: 149: 146: 144: 141: 139: 136: 134: 131: 129: 126: 124: 121: 119: 116: 114: 111: 109: 106: 104: 101: 99: 96: 94: 91: 89: 86: 84: 81: 79: 76: 74: 71: 69: 66: 64: 61: 59: 56: 54: 51: 49: 46: 45: 39: 38: 35: 32: 31: 27: 23: 22: 19: 5167:(Madagascar) 5091:(Bangladesh) 4998:Vote pairing 4950:Rent-setting 4945:Rent-seeking 4944: 4905:Failed state 4805:Match fixing 4775:Embezzlement 4754:Corporation 4726:Black market 4592:Property law 4563: 4549: 4535: 4516: 4502: 4498:Karl Polanyi 4478: 4474:Marcel Mauss 4464: 4450: 4441:David Harvey 4426: 4422:Henry George 4412: 4403:Ronald Coase 4393: 4378: 4324:wife selling 4306:bride buying 4244:repatriation 4226: 4177:Disposession 4131: 4020:Property law 3995: 3991:Forest types 3961: 3953: 3942:Applications 3872:rent-seeking 3871: 3857:Gift economy 3715:Intellectual 3571: 3539: 3525: 3522:Rent-seeking 3507: 3487: 3435: 3408: 3373: 3369: 3359: 3334: 3330: 3317: 3305:. Retrieved 3301: 3291: 3283: 3278: 3251: 3241: 3229:. Retrieved 3225:researchgate 3224: 3214: 3189: 3185: 3179: 3154: 3150: 3144: 3116: 3109: 3098:the original 3084:(1): 50–70. 3081: 3077: 3064: 3043: 3035: 3014: 3006: 2989: 2985: 2975: 2956: 2950: 2925: 2919: 2906: 2879: 2831: 2825: 2808: 2804: 2798: 2787:the original 2782: 2774: 2767: 2756:the original 2742: 2717: 2713: 2707: 2690: 2686: 2674: 2649: 2645: 2639: 2614: 2610: 2600: 2580: 2573: 2552: 2544: 2525: 2497: 2491: 2482: 2472: 2464:the original 2455: 2442: 2432: 2425: 2405: 2398: 2378: 2371: 2352: 2342: 2323: 2317: 2287:(1): 25–42. 2284: 2278: 2272: 2260:. Retrieved 2256:the original 2251: 2241: 2199:Rent Seeking 2198: 2192: 2175: 2171: 2153: 2149: 2143: 2122: 2098: 2073:. Retrieved 2060: 2051: 2048:rent-seeking 2047: 2027: 2015: 1955:Patent troll 1937: 1789: 1786: 1781:Angus Deaton 1778: 1770: 1746: 1742: 1738: 1730: 1720: 1717:Mançur Olson 1715: 1711:public goods 1703:exploitation 1699: 1695: 1670:moral hazard 1667: 1651: 1649: 1636:productivity 1632: 1619: 1612: 1592: 1588: 1586:exemptions. 1572: 1568:productivity 1557: 1547: 1533: 1529: 1513: 1506: 1497:Antichristus 1496: 1468: 1454: 1443: 1430:profiteering 1423: 1412: 1408:productivity 1396:Rent-seeking 1395: 1394: 1383: 1367:Anne Krueger 1352: 1332: 1328:public trust 1326:, decreased 1291:Rent-seeking 1290: 1289: 1231:Rent-seeking 1230: 1144:Price fixing 1095:Market power 852:Wage slavery 792:Evergreening 503:Mercantilism 450:Neoclassical 278:Mercantilist 255: 188:Rent seeking 153:Visible hand 18: 5340:and efforts 5338:instruments 5289:enforcement 5231:(Singapore) 5144:(Indonesia) 5080:(Argentina) 4962:State crime 4920:Mafia state 4915:Kleptocracy 4880:Clientelism 4847:Tax evasion 4730:Grey market 4466:Das Kapital 4353:progressive 4343:inheritance 4266:Land reform 4040:real estate 4015:Land tenure 4003:Inheritance 3931:anticommons 3867:Law of rent 3847:Game theory 3777:Information 3757:Common land 3654:Cooperative 2849:10986/12197 2262:11 February 2135:Econlib.org 1945:Manorialism 1923:Law of rent 1790:competitive 1771:Laband and 1707:bureaucracy 1650:Writing in 1349:Description 1333:Successful 1304:competition 1154:Bid rigging 935:Objectivism 920:Libertarian 837:Speculation 757:Consumerism 591:Progressive 530:Development 513:Physiocracy 460:Supply-side 268:Libertarian 246:Free-market 226:Anglo-Saxon 208:Wage labour 163:Marginalism 133:Free market 88:Corporation 5444:Categories 5415:Yo Soy 132 5260:(Tanzania) 5190:(Pakistan) 5103:(Cameroon) 4930:Plutocracy 4885:Coronelism 4842:Slush fund 4641:Corruption 4597:by country 4559:Adam Smith 4446:John Locke 4110:indigenous 4105:aboriginal 4025:alienation 3720:indigenous 3710:Intangible 3624:Collective 3470:2008009151 3136:j.ctt7t3fh 2783:FSA.gov.uk 2781:(Speech). 2156:: 224–232. 2044:required.) 2007:References 1863:Corruption 1839:law portal 1622:World Bank 1521:licensures 1371:Adam Smith 1320:corruption 1306:, reduced 1302:, stifled 1221:copyrights 1100:SSNIP test 915:Liberalism 900:Humanistic 885:Democratic 864:Ideologies 699:Schumpeter 445:Monetarist 376:Chartalism 323:Regulatory 298:Neoliberal 251:Humanistic 34:Capitalism 5378:movements 5298:(pending) 5266:(Vietnam) 5254:(Ukraine) 5214:(Romania) 5208:(Romania) 5184:(Nigeria) 5178:(Myanmar) 5156:(Liberia) 5127:(Croatia) 5097:(Burundi) 4971:Elections 4852:Tax haven 4780:Extortion 4740:Collusion 4721:Baksheesh 4460:Karl Marx 4261:Land Back 4212:Enclosure 4195:biopiracy 4133:Bergregal 4115:squatting 3889:Ownership 3803:Commodity 3782:Knowledge 3693:By nature 3649:Customary 3639:Community 3564:237794267 3478:750831024 3390:254934890 3171:154489617 2699:0890-913X 2666:158315455 2498:Economics 2357:CiteSeerX 2309:154601921 2225:1018-5941 2052:Economics 2019:Compare: 1779:In 2023, 1776:process. 1629:Criticism 1560:subsidies 1133:Collusion 1063:oligopoly 955:Third Way 945:Privatism 905:Inclusive 890:Dirigisme 684:von Mises 571:Illiberal 551:Corporate 546:Community 493:Feudalism 403:Keynesian 393:Classical 236:Corporate 48:Austerity 5287:Laws and 5220:(Russia) 5202:(Poland) 5150:(Latvia) 5109:(China) 5071:National 4925:Nepotism 4895:Cronyism 4800:Kickback 4587:Property 4480:The Gift 4379:key work 4374:Scholars 4358:property 4315:spousal 4281:Poaching 4217:Eviction 4161:riparian 4122:Littoral 4030:easement 4008:executor 3979:literary 3904:usufruct 3852:Georgism 3732:Tangible 3727:Personal 3634:Communal 3617:By owner 3610:Property 3534:(2008). 3351:13028796 2942:18809359 2233:15557383 2096:(2023). 2075:30 April 1893:Georgism 1797:See also 1580:lobbying 1488:Examples 1385:Georgist 1324:cronyism 1298:through 1059:Monopoly 782:Cronyism 694:Rothbard 669:Marshall 654:Friedman 586:Merchant 541:Consumer 536:Advanced 371:Austrian 366:American 293:National 288:Monopoly 241:Dirigist 143:Investor 53:Business 42:Concepts 26:a series 24:Part of 5376:Protest 5248:(Spain) 5138:(India) 4837:Scandal 4735:Bribery 4714:General 4395:The Law 4301:Slavery 4127:Mineral 4095:Hunting 4088:pannage 4083:Grazing 4068:Fishing 3954:Acequia 3921:Rivalry 3909:women's 3767:Digital 3749:Commons 3684:Unowned 3659:Private 3434:(ed.). 3307:7 April 3206:2234249 2998:2117699 2858:9605795 2631:1144023 2301:2010278 2184:1808883 1927:Ricardo 1564:tariffs 1480:favors. 1446:paradox 1419:bribing 1417:or the 1415:cartels 1310:, lost 1139:cartels 910:Liberal 870:Anarcho 807:History 639:Malthus 634:Ricardo 596:Rentier 581:Marxist 561:Finance 472:Origins 440:Marxist 388:Chicago 348:Welfare 308:Private 263:Liberal 83:Company 68:Capital 5165:BIANCO 4276:Piracy 4228:Farhud 4056:Rights 3997:Huerta 3969:Estate 3791:Theory 3772:Global 3674:Social 3664:Public 3629:Common 3562:  3552:  3495:  3476:  3468:  3458:  3415:  3388:  3349:  3266:  3204:  3169:  3134:  3124:  3052:  3023:  2996:  2963:  2940:  2894:  2856:  2734:135893 2732:  2697:  2664:  2629:  2588:  2561:  2532:  2504:  2413:  2386:  2359:  2330:  2307:  2299:  2231:  2223:  2213:  2182:  2110:  1848:Cartel 1783:wrote: 1764:, and 1584:tariff 1552:tariff 1517:guilds 1375:profit 1343:market 709:Weaver 704:Veblen 679:Walras 674:Pareto 664:Keynes 566:Global 333:Social 303:Nordic 273:Market 183:Profit 5125:USKOK 4873:State 4785:Fraud 4763:Shell 4758:Dummy 4365:Theft 4151:Water 4045:title 3974:legal 3962:Ejido 3700:Croft 3679:State 3644:Crown 3430:. In 3386:S2CID 3347:S2CID 3327:(PDF) 3302:Salon 3231:3 May 3227:. 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Index

a series
Capitalism
Austerity
Business
Business cycle
Businessperson
Capital
Capital accumulation
Capital markets
Company
Corporation
Competitive markets
Economic interventionism
Economic liberalism
Economic surplus
Entrepreneurship
Fictitious capital
Financial market
Free price system
Free market
Goods and services
Investor
Invisible hand
Visible hand
Liberalization
Marginalism
Money
Private property
Privatization
Profit

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