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Rent-Seeking on the Supply Side of politicS 1
unpublished
In studying how rent-seeking diminishes a nation's well-being, the focus typically is on the demand side of the policymaking process: crony capitalists, economic elites, labor unions, industrial cartels, consumer activists, and/or environmentalists seeking favorable policies to promote their own economic rents at the expense of the general public. Precious little attention, however, is devoted to a potentially far more dangerous and pervasive form of political capture by government insiders who
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