Stiglitz: Much of the financial sector involves "rent-seeking" not production—An essay on rentiers

By Gaius Publius on 7/09/2012 09:15:00 AM 

I put "rent-seeking" in quotes in the headline because it's a special term. The fancy term is "being a rentier" — a renter.

I've written about rent-seeking before, in several places in fact. But this is a place to collect those thoughts in essay form.