Business Finance
Retn seeking and log rolling

Question Description

Can you help me understand this Business question?

What does "rent seeking" mean, and what are the implications to society? How does "log rolling" tie into this?

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

So rent seeking is kinda like supporting a certain thing, just to get money out of it, for yourself. It's a concept that is shared in both economics and politics, so it's kinda hard to explain. But maybe log rolling will help. It's like when America was just getting started, many politicians held spots for people who did stuff for them, or funded one of their projects. Like, if you wash my car, and donate 20 dollars to my campaign, I"ll make sure you are on this cabinet. It's like that. What that implies about society, is that money, buys power. And when money is power, there is a lot of corruption. That's kinda all you can say. Society is promoting this idea, that yes education is important, but only because it looks important. Money is what really matters, because if you have money you have power.  If you have any questions, or just want to talk about this, send me a message. I'll be happy to help.

Doctor T (547)
Cornell University

Top quality work from this tutor! I’ll be back!

It’s my second time using SP and the work has been great back to back :) The one and only resource on the Interwebs for the work that needs to be done!

Thanks, good work


Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors