Rent Seeking - Public Choice Theory - Michael Munger

In economics, “rents” are benefits created by the government. Professor Michael Munger explains that the definition of “rent-seeking” is the competition for government benefits (such as subsidies) by special interest groups or businesses. He argues that rent seeking is harmful for society. Dr. Michael Munger is a Professor of Political Science at Duke University, and Director of the PPE Certificate Program.

This video is part of a series exploring important concepts in public choice theory. It is also part of a larger series about foundational topics in Philosophy, Politics, and Economics (PPE) courses. Videos in the series feature six professors who teach in university PPE programs.

Watch the rest of the videos in the Public Choice Theory playlist here:    • Public Choice Theory - Philosophy, Politic...  

Watch all 23 videos in the PPE series here:    • Philosophy, Politics, and Economics (PPE) ...  

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