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Rent-seeking and human capital : how the hunt for rents is changing our economic and political landscape
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ISBN: 0429329164 1000222462 Year: 2021 Publisher: London ; New York, New York : Routledge,

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"Rent-Seeking and Human Capital: How the Hunt for Rents is Changing our Economic and Political Landscape explores the debates around rent seeking and contextualizes it within the capitalist economy. It is vital that the field of economics does a better job of analyzing and making policy recommendations that reduce the opportunities and rewards for rent seeking, generating returns from the redistribution of wealth rather than wealth creation. This short and provocative book addresses the key questions: who are the rent seekers? What do they do? Where do they come from? What are the consequences of rent seeking for the broader economy? And finally, what should policymakers do about them? The chapters examine the existing literature on rent seeking, including looking at the differences between rent seeking, economic rent and unproductive labor. The work provides an in-depth look at the case of the impact of rent seeking degrees in the US, particularly Business and Law, and explores potential policy remedies such as a wealth tax or changes to the rules on financial transactions and patents. This text provides an important intervention on rent-seeking for students and scholars of heterodox economics, political economy, inequality, and anyone interested in the shape of the modern capitalist economy. Kurt von Seekamm Jr. is Assistant Professor in the Department of Economics at Salem State University, USA"--

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Rent seeking


Book
Rentier capitalism and its discontents : power, morality and resistance in Central Asia
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ISBN: 303076303X 3030763021 Year: 2021 Publisher: Cham, Switzerland : Palgrave Macmillan,

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Agricultural Policy, Agribusiness, and Rent-Seeking Behaviour, Third Edition
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ISBN: 1487518412 1487518404 Year: 2022 Publisher: Toronto, Ontario : University of Toronto Press,

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This book sheds light on the interaction between international agricultural trade and domestic foreign policy.


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Not paying the rent : imagining a fairer capitalism
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ISBN: 303078861X 3030788601 Year: 2021 Publisher: Cham, Switzerland : Palgrave Macmillan,


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Doing More for Less? New Evidence on Lobbying and Government Contracts
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ISBN: 1513511270 1513511246 Year: 2019 Publisher: Washington, D.C. : International Monetary Fund,

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Why do firms lobby? This paper exploits the unanticipated sequestration of federal budget accounts in March 2013 that reduced the availability of government funds disbursed through procurement contracts to shed light on this question. Following this event, firms with little or no prior exposure to the federal accounts that experienced cuts reduced their lobbying spending. In contrast, firms with a high degree of exposure to the cuts maintained and even increased their lobbying spending. This suggests that, when the same number of contractors competed for a piece of a reduced pie, the more affected firms likely intensified their lobbying efforts to distinguish themselves from the others and improve their chances of procuring a larger share of the smaller overall. These findings are stronger in government-dependent sectors and when there is intense competition. The evidence is more consistent with a rent-seeking explanation for lobbying.


Book
Gender Equality and Electoral Violence in Africa: Unlocking the Peacemaking Potential of Women
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ISBN: 1513511491 1513511459 Year: 2019 Publisher: Washington, D.C. : International Monetary Fund,

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We examine the impact of gender equality on electoral violence in Africa using micro-level data from the sixth round of Afrobarometer surveys. The sample covers 30 countries. We find that gender equality is associated with lower electoral violence. Quantitatively, our estimates show that an increase in female-to-male labor force participation ratio by 1 percentage point is correlated with a reduction of the probability of electoral violence across the continent by around 4.2 percentage points. Our results are robust to alternative ways to measure electoral violence and gender equality, as well as to alternative specifications. The findings of this paper support the long-standing view that women empowerment contributes to the reduction of violence and underscore the urgency of addressing gender inequality in Africa.


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Winning Connections? Special Interests and the Sale of Failed Banks
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ISBN: 1484330544 1484330501 Year: 2017 Publisher: Washington, D.C. : International Monetary Fund,

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We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We show that bidding banks that lobby regulators have a higher probability of winning an auction. In addition, the FDIC incurs higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find that lobbying winners have worse operating and stock market performance than their non-lobbying counterparts, suggesting that lobbying results in a less efficient allocation of failed banks. Our results provide new insights into the bank resolution process and the role of special interests.


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Regulatory Cycles: Revisiting the Political Economy of Financial Crises
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ISBN: 1484337808 1484337786 Year: 2018 Publisher: Washington, D.C. : International Monetary Fund,

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Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the political economy of financial policy during ten of the most infamous financial booms and busts since the 18th century, and presents consistent evidence of pro-cyclical regulatory policies by governments. Financial booms, and risk-taking during these episodes, were often amplified by political regulatory stimuli, credit subsidies, and an increasing light-touch approach to financial supervision. The regulatory backlash that ensues from financial crises can only be understood in the context of the deep political ramifications of these crises. Post-crisis regulations do not always survive the following boom. The interplay between politics and financial policy over these cycles deserves further attention. History suggests that politics can be the undoing of macro-prudential regulations.


Book
The Economics of Belonging : A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All
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ISBN: 9780691204536 9780691204529 0691204535 Year: 2020 Publisher: Princeton, NJ : Princeton University Press,

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A radical new approach to economic policy that addresses the symptoms and causes of inequality in Western society todayFueled by populism and the frustrations of the disenfranchised, the past few years have witnessed the widespread rejection of the economic and political order that Western countries built up after 1945. Political debates have turned into violent clashes between those who want to “take their country back” and those viewed as defending an elitist, broken, and unpatriotic social contract. There seems to be an increasing polarization of values. The Economics of Belonging argues that we should step back and take a fresh look at the root causes of our current challenges. In this original, engaging book, Martin Sandbu argues that economics remains at the heart of our widening inequality and it is only by focusing on the right policies that we can address it. He proposes a detailed, radical plan for creating a just economy where everyone can belong.Sandbu demonstrates that the rising numbers of the left behind are not due to globalization gone too far. Rather, technological change and flawed but avoidable domestic policies have eroded the foundations of an economy in which everyone can participate—and would have done so even with a much less globalized economy. Sandbu contends that we have to double down on economic openness while pursuing dramatic reforms involving productivity, regional development, support for small- and medium-sized businesses, and increased worker representation. He discusses how a more active macroeconomic policy, education for all, universal basic income, and better taxation of capital could work together for society’s benefit.Offering real answers, not invective, for facing our most serious political issues, The Economics of Belonging shows how a better economic system can work for all.


Book
The handbook of economic development and institutions
Authors: --- --- ---
ISBN: 9780691192017 9780691191218 0691191212 0691192014 1787857859 0691192014 Year: 2020 Publisher: Princeton : Princeton University Press,

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The definitive reference on the most current economics of development and institutions The essential role that institutions play in understanding economic development has long been recognized across the social sciences, including in economics. Academic and policy interest in this subject has never been higher. The Handbook of Economic Development and Institutions is the first to bring together in one single volume the most cutting-edge work in this area by the best-known international economists. The volume's editors, themselves leading scholars in the discipline, provide a comprehensive introduction, and the stellar contributors offer up-to-date analysis into institutional change and its interactions with the dynamics of economic development. This book focuses on three critical issues: the definitions of institutions in order to argue for a causal link to development, the complex interplay between formal and informal institutions, and the evolution and coevolution of institutions and their interactions with the political economy of development. Topics examined include the relationship between institutions and growth, educational systems, the role of the media, and the intersection between traditional systems of patronage and political institutions. Each chapter-covering the frontier research in its area and pointing to new areas of research-is the product of extensive workshopping on the part of the contributors. The definitive reference work on this topic, The Handbook of Economic Development and Institutions will be essential for academics, researchers, and professionals working in the field.

Keywords

E-books --- 330.48 --- Neo-klassiekers en andere post-keynesiaanse theorieën. Public choice. Institutionalisten. Home economics. Analyseschool van de transactiekosten --- International economic relations --- Economic development --- Economics --- Economic policy. --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- Economic sociology --- Socio-economics --- Socioeconomics --- Sociology of economics --- Sociology --- Political aspects. --- Sociological aspects. --- Social aspects --- Accountability. --- Aid. --- Anecdotal evidence. --- Bribery. --- Capital accumulation. --- Case study. --- Civil society. --- Clientelism. --- Collective action. --- Comparative advantage. --- Competition. --- Consumer. --- Corruption. --- Decentralization. --- Decision-making. --- Department for International Development. --- Determinant. --- Developed country. --- Developing country. --- Development economics. --- Economic development. --- Economic growth. --- Economic inequality. --- Economics. --- Economist. --- Economy. --- Employment. --- Endogeneity (econometrics). --- Endogeneity. --- Entrepreneurship. --- Ethnic group. --- Export. --- Expropriation. --- Externality. --- Finance. --- Funding. --- General equilibrium theory. --- Governance. --- Household. --- Human capital. --- Implementation. --- Incentive. --- Income. --- Individualism. --- Inefficiency. --- Information asymmetry. --- Infrastructure. --- Institution. --- Instrumental variable. --- Insurance. --- Investment. --- Investor. --- Latin America. --- Market (economics). --- Market economy. --- Market failure. --- Measurement. --- Meta-analysis. --- Natural resource. --- Norm (social). --- Ownership. --- Payment. --- Percentage point. --- Policy. --- Political economy. --- Political science. --- Politician. --- Politics. --- Poverty. --- Prediction. --- Principal–agent problem. --- Private sector. --- Privatization. --- Probability. --- Productivity. --- Profit (economics). --- Provision (accounting). --- Provision (contracting). --- Public sector. --- Regime. --- Regulation. --- Rent-seeking. --- Reputation. --- Requirement. --- Result. --- Right to property. --- Risk aversion. --- Saving. --- Subsidy. --- Supply (economics). --- Tariff. --- Tax. --- Technology. --- Trade-off. --- Transaction cost. --- Unemployment. --- Voting. --- Wealth. --- Welfare. --- World Bank.

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