INTERMEDIATE

Rent-Seeking

FEBRUARY 21, 2013

Businesses and other groups sometimes attempt to secure special privileges by lobbying government officials and politicians. These groups might lobby for policies that benefit them directly like subsidies or restrict competition within their industry by the enactment of tariffs on imports, regulations, and licensing requirements.

 

Sheldon Richman - The Most Dangerous Derivative: Power and Privilege in the Corporate State

 

 

Mike Munger - Giving Away Money Costs More Than You Think  by Learn Liberty

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December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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