Rent-seeking | Wikipedia Easy Search

State monopoly capitalism
Part of a series on
Terms
Coercive monopoly Corporate personhood Corporate welfare Government-granted monopoly Intellectual property License Limited liability Regulatory capture Regulation Subsidy Tariff
Ideas
Advocacy group Lobbying
Theory
Conflict of interest Principal–agent problem Rent-seeking
Issues
Agricultural subsidy Corporatism Military–industrial complex Military-entertainment complex
Ideologies
Protectionism
See also
Crony capitalism Neo-corporatism State capitalism
v t e

Capitalism
Part of a series on
Concepts Austerity Business Business cycle Businessperson Capital Capital accumulation Capital markets Company Corporation Competitive markets Economic interventionism Economic liberalism Economic surplus Entrepreneurship Fictitious capital Financial market Free price system Free market Goods and services Investor Invisible hand Visible hand Liberalization Marginalism Money Private property Privatization Profit Rent seeking Supply and demand Surplus value Value Wage labour
Economic systems Anglo-Saxon Authoritarian Corporate Dirigist Free-market Humanistic Laissez-faire Liberal Libertarian Market Mercantilist Mixed Monopoly National Neoliberal Nordic Private Raw Regulated market Regulatory Rhine Social State State-sponsored Welfare
Economic theories American Austrian Chartalism MMT Chicago Classical Institutional Keynesian Neo- New Post- Market monetarism Critique of political economy Critique of work Marxist Monetarist Neoclassical New institutional Supply-side
Origins Age of Enlightenment Capitalism and Islam Commercial Revolution Feudalism Industrial Revolution Mercantilism Primitive accumulation Physiocracy Simple commodity production
Development Advanced Consumer Community Corporate Crony Finance Global Illiberal Late Marxist Merchant Progressive Rentier State monopoly Technological
People Smith Mill Ricardo Malthus Say Marx Friedman Hayek Keynes Marshall Pareto Walras von Mises Rand Rothbard Schumpeter Veblen Weber Coase
Related topics Anti-capitalism Capitalist propaganda Capitalist realism Capitalist state Consumerism Crisis theory Criticism of capitalism Critique of political economy Critique of work Cronyism Culture of capitalism Evergreening Exploitation of labour Globalization History History of theory Market economy Periodizations of capitalism Perspectives on capitalism Post-capitalism Speculation Spontaneous order Venture philanthropy Wage slavery
Ideologies Anarcho Authoritarian Classical liberalism Democratic Dirigisme Eco Humanistic Inclusive Liberal Liberalism Libertarian Neo Neoliberalism Objectivism Ordoliberalism Privatism Right-libertarianism Third Way
Capitalism portal Business portal
v t e

Rent-seeking is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth.^[1] Rent-seeking activities have negative effects on the rest of society. They result in reduced economic efficiency through misallocation of resources, reduced wealth creation, lost government revenue, heightened income inequality,^[2]^[3] risk of growing political bribery, and potential national decline.

Successful capture of regulatory agencies (if any) to gain a coercive monopoly can result in advantages for rent-seekers in a market while imposing disadvantages on their uncorrupt competitors. This is one of many possible forms of rent-seeking behavior.

^ Compare: "rent-seeking". Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or participating institution membership required.) – "rent-seeking n. Economics[:] the fact or process of seeking to gain larger profits by manipulating public policy or economic conditions, esp. by means of securing beneficial subsidies or tariffs, making a product artificially scarce, etc. [...]"
^ IMF. "Rent-seeking and Endogenous Income Inequality" (PDF). Retrieved 30 April 2014.
^ Cite error: The named reference Deaton2023 was invoked but never defined (see the help page).