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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CURRENT ISSUE

September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited our social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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