Rising Tide Rents and Robber Baron Rents
O'Reilly Media
APRIL 23, 2024
But as Mazzucato points out , to the classical economists—Smith, Ricardo, and Mill—who lived in a world of inherited power and privilege, rents were a pernicious and persistent consequence (and source) of inequality. What Is Economic Rent? For example, consider drug pricing. They are a price that we pay for a rising tide of innovation.
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