About Quote by Joseph Stiglitz
“A lot of my book, 'The Price of Inequality,' is about why there has been an increase in rent-seeking.”
About This Quote
Source Book: The Price of Inequality, 2010
Rent‑seeking grows when individuals or firms exploit regulations for profit without creating value.
In simple terms: Rent‑seeking is profit from rules, not productivity.
Limit policies that enable unearned gains.
Themes
Mood
Type
When to use this quote
- The Price of Inequality
- economic policy
- public debate
Key Concepts
Questions to Reflect On
- What reforms could curb rent‑seeking?
- How does rent‑seeking affect social mobility?
Addressing rent‑seeking may reduce incentives for innovation.