From Dietrich's list on the economic challenges of the 2020s.
This is a good book to understand the pervasive existence of “rents” in the economy. From the literal rents that homeowners in popular areas can charge, to the rents that accrue to copyright or patent holders, to the rents earned by firms using regulation to block competition, the authors document all the places in our economy where this restricts innovation. It is ultimately a book asking “what is fair?”.
The Captured Economy
Why should I read it?
1 author picked The Captured Economy as one of their favorite books, and they share why you should read it.
What is this book about?
For years, America has been plagued by slow economic growth and increasing inequality. In The Captured Economy, Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit. They document the proliferation of regressive regulations that redistribute wealth and income up the economic scale while stifling
entrepreneurship and innovation. They also detail the most important cases of regulatory barriers that have worked to shield the powerful from the rigors of competition, thereby inflating their incomes: subsidies for the financial…
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