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Tag Archives: rent seeking
Powerful because of wealth versus Powerful because of influence. I’ll take the former.
Hayek in the Road to Serfdom makes the point that in a socialist economy the only way to advance is through successfully lobbying the government so that your group is accorded greater privileges. If you have the misfortune to belong … Continue reading →
Posted in Books, Economics, Politics, Rent Seeking
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Tagged Hayek, influence, lobbying, rent seeking
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