Reply – The Law - Frédéric Bastiat
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The Law - Frédéric Bastiat
— by william-michael william-michael
   "Bastiat was also wise enough to anticipate what modern  economists  call  “rent  seeking”  and  “rent  avoidance” behavior. These two clumsy phrases refer, respectively, to the  phenomena  of  lobbying  for  political  favors  (legal plunder), and of engaging in political activity directed at protecting oneself from being the victim of plunder seekers.  (For  example,  the  steel  manufacturing  industry  lobbies  for  high  tariffs  on  steel,  whereas  steel-using  industries,  like  the  automobile  industry,  can  be  expected  to lobby against high tariffs on steel)."

74 pages.