A Note on the Modeling of Rent Seeking

被引:2
|
作者
von Seekamm, Kurt, Jr. [1 ]
机构
[1] Salem State Univ, Dept Econ, 352 Lafayette St, Salem, MA 01970 USA
关键词
rent seeking; post-Keynesian economics; macroeconomics; human capital; EMPLOYMENT;
D O I
10.1177/0486613417717047
中图分类号
F [经济];
学科分类号
02 ;
摘要
Rent seeking has once again become an important topic in economics. However, rent seeking poses challenges that standard economic theory is not well equipped to handle. This paper develops a working definition of rent seeking that can be applied to post-Keynesian growth models. The main finding is that, in a post-Keynesian framework, rent seeking will have an effect on income distribution and average productivity. In addition, increases in rent seeking can have undesirable effects on the distribution of talent.
引用
收藏
页码:599 / 606
页数:8
相关论文
共 50 条