Munger on Private and Public Rent-Seeking (and Chilean Buses)

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.

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Munger on Private and Public Rent-Seeking (and Chilean Buses) is an episode from EconTalk Archives, 2010 by Library of Economics and Liberty.

This episode is 58:27 long.

This episode was published on Aug 23, 2010.

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