Rent Seeking and Profit Seeking

James Buchanan

A chapter in 40 Years of Research on Rent Seeking 1, 2008, pp 55-67 from Springer

Abstract: Abstract RENT SEEKING, as a specific term, emerged in applied economic theory only in the 1970’s. The behavior that it describes, however, has been with us always, and there is surely no prospect that it will fade away. Behaviorally, rent seeking has become more important because institutional changes have opened up opportunities that did not exist in the nineteenth and early twentieth centuries.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-79182-9_3

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DOI: 10.1007/978-3-540-79182-9_3

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