Theoretical Implications of 'High Rent'

Sociological Forum 33, no. 2 (2018): 529-538

Posted: 20 Jun 2018

See all articles by Amitai Etzioni

Amitai Etzioni

The George Washington University

Date Written: 2018

Abstract

There are abundant examples of relatively small lobbying expenditures yielding very high returns. At the same time, lobbying is not very widespread. This article considers lobbying as a form of rent seeking and addresses the question raised previously by economists as to why more rent seeking does not occur, given the very high payoffs that it may garner. It looks at various reasons that might explain why rent seeking is not very prevalent, but the article finds them unsatisfactory. It is suggested that, instead of mainstream economic theory, a new theoretical approach may be required to understand this phenomenon.

Suggested Citation

Etzioni, Amitai, Theoretical Implications of 'High Rent' (2018). Sociological Forum 33, no. 2 (2018): 529-538. Available at SSRN: https://ssrn.com/abstract=3197211

Amitai Etzioni (Contact Author)

The George Washington University ( email )

2100 Pennsylvania Avenue NW
Suite 4058
Washington, DC 20037
United States

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