kentbrooks.com

I Was Just Thinking…

Tag: Price of Inequality

  • Rent Seeking and the Demise of a Sharing Culture

    The classic example of rent-seeking is that of a feudal lord who installs a chain across a river that flows through his land and then hires a collector to charge passing boats a fee (or rent of the section of the river for a few minutes) to lower the chain. There is nothing productive about…