Dealing with rent and rentier economies: New perspectives from institutional economics

Apropiarse de la renta: Los desafíos de los fenómenos rentísticos y su tratamiento por la economía institucional. Introducción al tema

Adrien Faudot and Julien Vercueil ()
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Julien Vercueil: CREE EA 4513 - Centre de recherches Europes-Eurasie - Inalco - Institut National des Langues et Civilisations Orientales

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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; Palabras claves: renta; regímenes de acumulación rentístico; Teoría de la Regulación; variedad de capitalismos; economía del desarrollo; rente; régimes d’accumulation rentiers; Théorie de la Régulation; variété des capitalismes; économie du développement (search for similar items in EconPapers)
Date: 2021
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Published in Revue de la régulation. Capitalisme, institutions, pouvoirs, 2021, 31, 10 p. ⟨10.4000/regulation.20819⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-03556403

DOI: 10.4000/regulation.20819

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