Dealing with rent and rentier economies: New perspectives from institutional economics. An introduction to the issue "Capitalisms and rentier regimes"

Apprivoiser la rente: les enjeux des phénomènes rentiers et leur traitement par l’économie institutionnelle. Introduction au dossier

Adrien Faudot and Julien Vercueil

Revue de la Régulation - Capitalisme, institutions, pouvoirs, 2021, vol. 31

Abstract: Heterodox economics may study rent from various angles. The first one is that of the source of income; the second is that of its macroeconomic impacts; the third is that of income distribution. This introduction highlights the contributions of the papers published in this issue from these three different angles. As far as it is concerned, Régulation Theory has developed a comprehensive reading of what it called the "rentier accumulation regime", including it in the analysis of the variety of capitalism and allowing for a dialogue with development economics. In particular, it shows that institutional hierarchies co-evolve with the fluctuations of rent. The notion of rentier accumulation regime enables us to understand how some developing countries have resilient institutions despite structural weaknesses.

Keywords: rent; rentier accumulation regimes; Régulation Theory; variety of capitalism; development economics; rente; régimes d’accumulation rentiers; Théorie de la Régulation; variété des capitalismes; économie du développement; renta; regímenes de acumulación rentístico; Teoría de la Regulación; variedad de capitalismos; economía del desarrollo (search for similar items in EconPapers)
JEL-codes: B50 N50 O11 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:rvr:journl:2021:20819

DOI: 10.4000/regulation.20819

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