What is it about?
In this paper we make a critical distinction between inequalities arising from profits and wages on the one hand and inequalities arising from rents on the other - following Sorensen and the 19th century economist, Ricardo. Our new contribution is to show that rents are especially important in post-communist capitalist transition and without the concept of rents the mecha-nisms of corruption cannot be understood.
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Why is it important?
This paper gives a more comprehensive explanation of inequalities in the post-communist countries than the customary corruption-based interpretation.
Read the Original
This page is a summary of: The Role of Rents in the Transition from Socialist Redistributive Economies to Market Capitalism, Comparative Sociology, February 2017, Brill,
DOI: 10.1163/15691330-12341419.
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