12∞ · Question 10.7.4
What is economic “rent,” and why does it matter?
Income gained from owning or controlling something scarce, without producing anything new: land in a good location, a legal privilege, a bottleneck that others must pass through.
From the book 12∞ Twelve to Infinity by D.R. Davenport. The full answer is free to read with an iBelieve account.
Where it sits in the book
- Part
- 10: Money, Energy, Work, and Abundance
- Gate
- 10.7: Inequality and the System
- In print
- Page 340
- ← 10.7.3 · How do monopolies affect ordinary people?
- 10.7.5 → · Why has housing become so hard to afford?
- All of Part 10
Topics
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