Munger on Private and Public Rent-Seeking (and Chilean Buses)
EconTalk
Mike Munger of Duke University talks with EconTalk host Russ Roberts about private and public rent-seeking. When firms compete for either private profit opportunities or government contracts, there are inevitably firms or people who spend resources but end up earning little or nothing. What are the differences, if any between these two forms of competition? How do they related to competitions that award prizes for discovering new technologies? The conversation begins with a discussion of a recent trip Munger took to Chile where he observed the current state of the Chilean bus system, a topic he has discussed in the past.
Next Episodes
Kennedy on the Great Depression and the New Deal @ EconTalk
📆 2010-08-16 08:30 / ⌛ 01:04:14
Laughlin on the Future of Carbon and Climate @ EconTalk
📆 2010-08-09 08:30 / ⌛ 01:25:26
Brady on the State of the Electorate @ EconTalk
📆 2010-08-02 08:30 / ⌛ 01:02:52
Robert Service on Trotsky @ EconTalk
📆 2010-07-26 08:30 / ⌛ 01:22:51
John Taylor on the State of the Economy @ EconTalk
📆 2010-07-19 08:30 / ⌛ 00:58:29