What is rent-seeking? Definition and meaning

Rent-Seeking, in economic and public-choice theory, refers to attempting to increase one’s share of current wealth without producing or creating any additional wealth. Rent-seeking is the equivalent of trying to get a larger slice of the wealth cake, without trying to make that cake any bigger. It is a **zero-sum game strategy – the rent-seeker’s … Continue reading What is rent-seeking? Definition and meaning