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Producers and Parasites: The Uses of Rent Seeking

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  • Kiaran Honderich

    (Economics Department, Williams College, Williamstown, MA 01267)

Abstract

This paper distinguishes between three uses of the concept of rent seeking. the tautologous, the contextual, and the unselfconscious. It argues in favor of contextual use and shows that that requires explicit discussion of normative questions involving redistribution and the proper role of the state. The paper also considers issues raised for rent seeking theory by transaction costs and the contested exchange model.

Suggested Citation

  • Kiaran Honderich, 1996. "Producers and Parasites: The Uses of Rent Seeking," Review of Radical Political Economics, Union for Radical Political Economics, vol. 28(2), pages 54-76, June.
    • Handle: RePEc:sae:reorpe:v:28:y:1996:i:2:p:54-76
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    Cited by:

    1. Amy Koritz & Douglas Koritz, 2001. "Checkmating the Consumer: Passive Consumption and the Economic Devaluation of Culture," Feminist Economics, Taylor & Francis Journals, vol. 7(1), pages 45-62.

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