The Rent Seeking Society Revisited: An extensive overview
This article aims to serve as an introduction to the main theoretical framework concerning the economic and political phenomena of rent-seeking, which entails a dynamic ensemble of market entities that wish to alter its configuration by institutional means such as lobbying or import tariffs. The mai...
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| Format: | Article |
| Language: | English |
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Scoala Nationala de Studii Politice si Administrative - Facultatea de Stiinte Politice
2018-06-01
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| Series: | Perspective Politice |
| Subjects: | |
| Online Access: | http://perspective.politice.ro/index.php/ppol/article/view/28/18 |
| _version_ | 1811179512923160576 |
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| author | Alexandru Marian TUDORACHE |
| author_facet | Alexandru Marian TUDORACHE |
| author_sort | Alexandru Marian TUDORACHE |
| collection | DOAJ |
| description | This article aims to serve as an introduction to the main theoretical framework concerning the economic and political phenomena of rent-seeking, which entails a dynamic ensemble of market entities that wish to alter its configuration by institutional means such as lobbying or import tariffs. The main contribution of this theoretical approach is that it has resurged the research interests of economists regarding the true social costs of this type of activity, which, prior to Tullock’s (1967) insights, have been widely considered as uncontrollable side effects of market failures and externalities, while simultaneously diminishing the role government plays in this complex institutional exchange. |
| first_indexed | 2024-04-11T06:36:43Z |
| format | Article |
| id | doaj.art-0f44cf5c187947a190db5414a98320d4 |
| institution | Directory Open Access Journal |
| issn | 1841-6098 2065-8907 |
| language | English |
| last_indexed | 2024-04-11T06:36:43Z |
| publishDate | 2018-06-01 |
| publisher | Scoala Nationala de Studii Politice si Administrative - Facultatea de Stiinte Politice |
| record_format | Article |
| series | Perspective Politice |
| spelling | doaj.art-0f44cf5c187947a190db5414a98320d42022-12-22T04:39:40ZengScoala Nationala de Studii Politice si Administrative - Facultatea de Stiinte PoliticePerspective Politice1841-60982065-89072018-06-01XI14961The Rent Seeking Society Revisited: An extensive overviewAlexandru Marian TUDORACHE0National University of Political Studies and Public Administration, Bucharest, RomaniaThis article aims to serve as an introduction to the main theoretical framework concerning the economic and political phenomena of rent-seeking, which entails a dynamic ensemble of market entities that wish to alter its configuration by institutional means such as lobbying or import tariffs. The main contribution of this theoretical approach is that it has resurged the research interests of economists regarding the true social costs of this type of activity, which, prior to Tullock’s (1967) insights, have been widely considered as uncontrollable side effects of market failures and externalities, while simultaneously diminishing the role government plays in this complex institutional exchange.http://perspective.politice.ro/index.php/ppol/article/view/28/18rent-seekinginstitutional exchangefree market |
| spellingShingle | Alexandru Marian TUDORACHE The Rent Seeking Society Revisited: An extensive overview Perspective Politice rent-seeking institutional exchange free market |
| title | The Rent Seeking Society Revisited: An extensive overview |
| title_full | The Rent Seeking Society Revisited: An extensive overview |
| title_fullStr | The Rent Seeking Society Revisited: An extensive overview |
| title_full_unstemmed | The Rent Seeking Society Revisited: An extensive overview |
| title_short | The Rent Seeking Society Revisited: An extensive overview |
| title_sort | rent seeking society revisited an extensive overview |
| topic | rent-seeking institutional exchange free market |
| url | http://perspective.politice.ro/index.php/ppol/article/view/28/18 |
| work_keys_str_mv | AT alexandrumariantudorache therentseekingsocietyrevisitedanextensiveoverview AT alexandrumariantudorache rentseekingsocietyrevisitedanextensiveoverview |