THE NEED FOR LAW AGAINST RENT SEEKING AND ITS JUSTIFICATION
Producer ←Distance→ Rent Seeker: it’s a sensory distance. In the positiva, we need instrumentation to sense what is beyond our sensory distances. In the negativa, we need instrumentation to distribute sense-perception sufficiently to identify the presence of rents. And that instrumentation consists of understanding of rent seeking, language to describe it, a reduction to a set of principles (tests, rules), the education or habituation necessary to distribute it, and a population with incentive to employ it. That instrumentation must be captured in language, reduced to law, and enabled by court and insured by the jury.
Source date (UTC): 2025-02-16 16:18:38 UTC
Original post: https://twitter.com/i/web/status/1891160268874604544
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