PL EN


2008 | 56 | 10 | 1019-1032
Article title

IN DEFENCE OF RENT-SEEKING

Authors
Title variants
Languages of publication
CS
Abstracts
EN
Why is rent-seeking highly relevant for recent economic theory? In this paper, the author argues that recent criticism of rent seeking theory is not new and relevant. First, he explains the basis of rent seeking and the main contributions to this theory. Then he explains the criticism of this approach, which attacks the static grounds of this theory stemming out of the perfect competition equilibrium model and the normative concretizing of rent-seeking actions. He argues that rent-seeking theory had already abandoned the static perfect competition model in the eighties and that arguments using dynamic rent-seeking theory remain normative until they explain the institutional causes of economic development, which has been the centre of the economic profession for centuries.
Year
Volume
56
Issue
10
Pages
1019-1032
Physical description
Document type
ARTICLE
Contributors
  • T. Otahal, Ekonomicky ustav SAV, Sancova 56, 811 05 Bratislava 1, Slovak Republic
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
09SKAAAA05635
YADDA identifier
bwmeta1.element.0cafa8e3-5bbd-3b48-b93b-99b52d53d959
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.