top | item 46534866

(no title)

Plasmoid | 1 month ago

But rent-seeking isn't renting. They're different terms that don't have anything to do with each anymore.

> Rent-seeking is the act of growing one's existing wealth by manipulating public policy or economic conditions without creating new wealth. (https://en.wikipedia.org/wiki/Rent-seeking)

This definition doesn't overlap with renting.

discuss

order

tshaddox|1 month ago

The term has been generalized in economics to refer to more cases than just rent paid to live on or farm a piece of land.

kiba|1 month ago

I blame econonists for reusing the same word to mean different things.