Functioning of market economy and rent-seeking: Why it is necessary to diminish the role of government in economic affairs?

At the beginning, the author points out that rent-seeking economy is a distinctive phenomenon for majority of the contemporary market economies. It is reflected in the aspirations of the well organised interest groups to capture public choice and politicians as a tool to gain non-market benefits for...

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Bibliographic Details
Main Author: Janković Ivan
Format: Article
Language:English
Published: Institute of International Politics and Economics, Belgrade 2004-01-01
Series:Međunarodni Problemi
Online Access:http://www.doiserbia.nb.rs/img/doi/0025-8555/2004/0025-85550403189J.pdf