Comment by verteu
18 hours ago
Counterintuitively, collecting rent is not considered "rent-seeking" by the econ definition, eg: https://www.investopedia.com/terms/r/rentseeking.asp
18 hours ago
Counterintuitively, collecting rent is not considered "rent-seeking" by the econ definition, eg: https://www.investopedia.com/terms/r/rentseeking.asp
Collecting rent maps exactly to that definition.
It does not, as explained in the section "Are Landlords Rent Seekers?"
"Rent seeking" is more about making money by changing the rules instead of providing a service.