David Friedman - What Does Law Have To Do With Economics?
The Curious Task
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The Economics of Tariffs - The Costs of Monopoly
Economists refer to what they call rent seeking. The term was coined by anne cruger, who looked at exchange controls in countries like india and turkey. She found that the resources spent competing over who got these import permits were burning up something like five to ten % of the g nd p of a poor country.
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