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Na obranu dobývání renty

In: Ekonomický časopis/Journal of Economics, vol. 56, no. 10
Tomáš Otáhal
Detaily:
Rok, strany: 2008, 1019 - 1032
Kľúčové slová:
economic growth, market process, profit-seeking, rent-seeking JEL Classification: B25, D42, O43
Typ článku: Vedecký / Article
O článku:
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 nor-mative 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.
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 nor-mative 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.
Ako citovať:
ISO 690:
Otáhal, T. 2008. Na obranu dobývání renty. In Ekonomický časopis/Journal of Economics, vol. 56, no.10, pp. 1019-1032. 0013-3035.

APA:
Otáhal, T. (2008). Na obranu dobývání renty. Ekonomický časopis/Journal of Economics, 56(10), 1019-1032. 0013-3035.