Corruption: Where We Don’t Like Folks Getting Along Too Well | Lalit Panda

Economics had, of course, previously developed a politically (or economically) correct term to condemn corrupt activity: rent-seeking. However, this is a much wider term, referring even to entirely legal pursuits by which individuals could seek to corner wealth for themselves without actually participating to create new wealth.

If you wish to view the full piece, please subscribe to either of our plans.
Log In Register