Rising Tide Rents and Robber Baron Rents
O'Reilly
APRIL 23, 2024
The answer can be found in the theory of economic rents, and in particular, in the kinds of rents that are collected by companies during different stages of the technology business cycle. They are a price that we pay for a rising tide of innovation. For example, consider drug pricing. But not all rents represent abuse of power.
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