July 02, 2006
Rent-seek and you will find

A sneak preview, for those interested, of my EconLib essay on rent-seeking.

And, as always, an acknowledgement to Russ Roberts. He is a completely heartless editor, but what a terrific soul.

Here is the essay.

Posted by Michael Munger at 07:44 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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