Na obranu dobývání renty
In Defence of Rent-Seeking

Summary/Abstract: Why is rent-seeking highly relevant for recent economic theory? In this paper, I argue that recent criticism of rent seeking theory is not new and relevant. First, I explain the basis of rent seeking and the main contributions to this theory. Then I explain the criticism of this approach, which attacks the static grounds of this theory stemming out of the perfect competition equilibrium model and the normative concretizing of rent-seeking actions. I argue that rent-seeking theory had already abandoned the static perfect competition model in the eighties and that arguments using dynamic rent-seeking theory remain normative until they explain the institutional causes of economic development, which has been the centre of the economic profession for centuries.

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