What About “Rent-Seeking” in Banking and Financial Services?
By Dr. David E. Marcinko, MBA
Courtesy: www.CertifiedMedicalPlanner.org
Rent-Seeking is a public choice, and economics, theory that involves methods to increase one’s share of existing wealth without creating new wealth [no added value].
Rent-Seeking results in reduced economic efficiency through misallocation of resources, reduced wealth-creation, lost government revenue, heightened income inequality, and potential national decline.
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Assessment: But, what about rent-seeking behavior in the healthcare industrial complex, banking and financial services industry, today”
ESSAY: https://pnhp.org/news/the-economist-rent-seeking-in-americas-health-care-system/
MORE: https://www.the-american-interest.com/2014/06/05/health-care-rent-seeking-in-90-seconds/
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Conclusion
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Filed under: Health Economics, Health Insurance, Health Law & Policy, Videos | Tagged: free-market, healthcare, rent seeking, rent seeking behavior, rent seeking healthcare |
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