Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

The Role of Rents in the Transition from Socialist Redistributive Economies to Market Capitalism

The Role of Rents in the Transition from Socialist Redistributive Economies to Market Capitalism In this paper the authors make a critical distinction between inequalities arising from profits and wages and inequalities arising from rents, following Sorensen and 19th century economist Ricardo. Their new contribution is to articulate how rents are especially important in post-communist capitalist transition. Without the concept of rents, the mechanisms of corruption cannot be understood. The authors identify three types of rent-seeking behavior, which can be observed in any capitalist country, that play a particularly important role in post-communist transition: (i) market capture by political elites; (ii) state capture by oligarchs; (iii) capture of oligarchs by autocratic rulers through selective criminalization and the redistribution of their wealth to loyal new rich. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Comparative Sociology Brill

The Role of Rents in the Transition from Socialist Redistributive Economies to Market Capitalism

Mihalyi, Peter; Szelényi, Iván
Comparative Sociology , Volume 16 (1): 26 – Feb 13, 2017
Download PDF
26 pages

Loading next page...
 
/lp/brill/the-role-of-rents-in-the-transition-from-socialist-redistributive-PA6sP4FoPJ

References (21)

Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1569-1322
eISSN
1569-1330
DOI
10.1163/15691330-12341419
Publisher site
See Article on Publisher Site

Abstract

In this paper the authors make a critical distinction between inequalities arising from profits and wages and inequalities arising from rents, following Sorensen and 19th century economist Ricardo. Their new contribution is to articulate how rents are especially important in post-communist capitalist transition. Without the concept of rents, the mechanisms of corruption cannot be understood. The authors identify three types of rent-seeking behavior, which can be observed in any capitalist country, that play a particularly important role in post-communist transition: (i) market capture by political elites; (ii) state capture by oligarchs; (iii) capture of oligarchs by autocratic rulers through selective criminalization and the redistribution of their wealth to loyal new rich.

Journal

Comparative Sociology – Brill

Published: Feb 13, 2017

There are no references for this article.