Rent-Based Exploitation: Top, Bottom and Horizontal


  • The authors would like to thank the editors and anonymous referees of Kyklos as well as Dr. Sergei Kokovin of St. Petersburg University, Dr. Gregory Mankiw of Harvard University, Dr. Vladimir Popov of the United Nations, and our colleagues at the Department of Economics of the University of Louisville for comments on earlier drafts of this essay. Usual disclaimers apply.


In this essay we argue that current emphasis on economic rents captured by the wealthy produces an incomplete representation of exploitative incomes and propose to expand the analysis by including in it economic rents accruing to segments of the poor and the working population.