Rent seeking is a comparatively new subject, and its relevance to the law may not be immediately apparent. As a matter of fact, the amount of rent seeking in any society is greatly influenced by the complexity of the laws and the degree to which administrative actions are depended on for government activity. Thus a society that has relatively simple legal codes and nothing in the way of administrative discretion would have very little rent seeking.1 The point of this paper is to discuss in some detail the cost of elaborate law codes and elaborate administrative structures, subjects that normally have been ignored.
KeywordsRent Seek Resource Investment High Official Government Activity Natural Talent
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