Edited by Roger D. Congleton and Arye L. Hillman
Chapter 18: Profit seeking and rent seeking in the United States and Europe
This chapter describes and compares profit seeking and rent seeking, and rent protection, in Europe and the United States, where historical and cultural differences have resulted in different attitudes to the role of the state. In Europe the state has had an accepted, quite consensual, role as creator and protector of rents for workers and also for producers. In the United States such rent creation and rent protection by government has not been consensual and has been more contested.
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