Econ Point of View

Understanding the world through an economic point of view


Brian C. Albrecht

4 minutes read

My last post probably generated more confusion than clarity. Let me try to clarify some conceptual points that might help bring my thinking into focus. In that post, I was trying to work through the inequality/rents connection. I argued that the standard way I’ve seen it presented doesn’t make sense to me. I tried to argue that increasing rents is neither necessary, nor sufficient for increasing inequality. In the more speculative parts of the post, I suggested why I think this confusion exists.

Brian C. Albrecht

6 minutes read

If this post sounds confused, it is probably because it is. I’m trying to work through what people mean when they use the word “rent.” They seem to slide between rents and rent-seeking, which are connected but different things.

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Econ Point of View is a blog by Brian Albrecht, who teaches at Kennesaw State University. EPV began in 2012 and was revamped in 2020.