Posts Tagged ‘rent seeking’

Should Resource Rents Count as National Savings?

Wednesday, August 6th, 2008

photo credit: Torley David Smiley All countries save about 25 percent of what they produce, their Gross Domestic Product or GDP, for investment as capital in future production. In national accounts these “savings” include environmental damage and natural resource depletion incurred in the process of production. This does not seem a very good measure of [...]