Rents

I finally found a good definition for the economic term “rent”, as used, for example, in this declaration, “Rents are political.”

18. According to Mushtaq Khan, ‘rents’ refer to a politically generated income that exists only through some specific rights, subsidies or transfers, artificially maintained through a political process, that aim at influencing or capturing the state. ‘Monopoly profits, subsidies, transfers, unnecessary job creation in the public sector are all examples of rent-creation.’ Within the liberal, ‘good governance’ model, rent-seeking is portrayed as economically damaging and a cause for under-development (especially in its most extreme version, corruption) in so far as it stifles competition, often works through patron-client networks, and consolidates the power of privileged groups. Mushtaq Khan, ‘Evaluating the Emerging Palestinian State. Good Governance versus Transformation Potential’, in Mushtaq Husain Khan, ed., with George Giacaman and Inge Amundsen, State Formation in Palestine. Viability and Governance during a Social Transformation (London, RoutledgeCurzon, 2004).

— End Note 18, p. 186, Anne Le More, International Assistance to the Palestinians after Oslo: Political guilt, wasted money (Routledge Studies on the Arab-Israel Conflict), 2008

(http://www.amazon.com/exec/obidos/ASIN/0415453852/theelectronic-20)

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