rent-seeking

== English == === Alternative forms === rent seeking === Etymology === From rent (“a profit from possession of a valuable right”) +‎ seeking. === Pronunciation === (Received Pronunciation, General American) IPA(key): /ɹɛnt siːkɪŋ/ Hyphenation: rent-seek‧ing === Noun === rent-seeking (uncountable) (economics) The attempt to profit by manipulating the economic or political environment, for example, by seeking governmental action that restricts entry into a market. 1974 June, Anne O[sborn] Krueger, “The Political Economy of the Rent-seeking Society”, in The American Economic Review, volume 64, page 291; reprinted in Roger D[ouglas] Congleton, Arye L. Hillman, and Kai A. Konrad, editors, 40 Years of Research on Rent Seeking 2: Applications: Rent Seeking in Practice, Berlin; Heidelberg: Springer-Verlag, 2008, →ISBN, page 151: In many market-oriented economies, government restrictions upon economic activity are pervasive facts of life. These restrictions give rise to rents of a variety of forms, and people often compete for the rents. Sometimes, such competition is perfectly legal. In other instances, rent seeking takes other forms, such as bribery, corruption, smuggling, and black markets. The effort to increase one's share of wealth without doing something productive or adding value. ==== Related terms ==== ==== Translations ==== === Further reading === rent-seeking on Wikipedia.Wikipedia