Rising Tide Rents and Robber Baron Rents
O'Reilly on Data
APRIL 23, 2024
They are a price that we pay for a rising tide of innovation. At the dawn of economic theory, agriculture was still the chief source of value creation, and much of that value created by the labor of serfs and tenant farmers was appropriated by those who owned the land. What Is Economic Rent? For example, consider drug pricing.
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