Talk:Rentier capitalism
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the origins of the term are in adam smith, and it's actually a broadly liberal concept, not just a marxist one edit
. — Preceding unsigned comment added by 198.84.130.106 (talk) 17:46, 26 February 2017 (UTC)
For future reference - not that you're ever likely to see this, it's been years - Be Bold, just make sure you cite whatever you say. 73.254.177.79 (talk) 04:52, 18 April 2020 (UTC)
Forthcoming book Christophers (2020) edit
Just recording a forthcoming book by Brett Christophers on rentier capitalism (due out in about three days):[1] RobbieIanMorrison (talk) 17:51, 27 December 2020 (UTC)
References
- ^
Christophers, Brett (24 November 2020). Rentier capitalism: who owns the economy, and who pays for it?. London and New York: Verso Books. ASIN 1788739728. ISBN 978-1-78873-972-6.
{{cite book}}: Check|asin=value (help)
Incorrect and Biased Assertion. edit
The article says: """ but capitalist theories such as the natural "euthanasia of the rentier" famously put forth by John Maynard Keynes have been abandoned in light of the increase in rent-seeking behavior seen over the past century """
This is inaccurate. According to this website (https://mises.org/wire/keynes-and-euthanasia-rentier) (already cited), the term "euthanasia of the rentier" has been abandoned because it pre-supposes that interest rates and savings are unrelated. Quote: "For Keynes, interest is a purely monetary phenomenon, determined on the market by the demand for, and the supply of, money. As such, it is divorced from people's ability to save and thus accumulate capital." This puts carriage before the horse. Keynes original idea was that demand for money determined interest rates (which in this case is sort of a stand in for the value of money, i.e. inflation or deflation). Basically Keynes, suggested interest rates were determined by inflation/deflation. In reality, it's generally agreed that interest rates determine inflation/deflation. The causality is reversed, thus the reasoning associated with the original term is fundamentally flawed. It's a historical quirk where the term as additional meaning beyond approval or disapproval of rentiers.
Regardless, none of these citations suggest that the term has been abandoned because of an increase in rent-seeking behavior. As best I can tell, economists didn't just start approving of rent-seeking behavior after seeing it. As far as I can tell there has never been any sort of approval of rentiers by anyone, aside from rentiers themselves. I think this part of the article should be fixed. Leaving it in is likely both to confuse people and/or give them the wrong impression of the history.
- 136.142.159.85 (talk) 13:49, 9 August 2022 (UTC)