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by JumpCrisscross
159 days ago
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> "Rent seeking" has nothing to do with landlords and tenants They're orthogonal. In a competitive market, landlords earn no economic rent. In a market with supply restrictions, however, landlords will earn a return "in excess of the costs needed to bring that factor into production" [1]. [1] https://en.wikipedia.org/wiki/Economic_rent |
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