Re:Intel Software Defined Silicon: additional CPU features a...
by dTal on Tuesday November 23, 2021 @10:24AM
(#29318850)
>Economic rents are a very specific phenomenon and it simply does not mean charging for something that is perceived as being low/no effort.
I've seen this meme lately, always in defense of said "rent-seeking" behavior. But Wikipedia says: "economic rent is any payment to an owner or factor of production in excess of the costs needed to bring that factor into production" - in other words, exactly this.
I've seen this meme lately, always in defense of said "rent-seeking" behavior. But Wikipedia says: "economic rent is any payment to an owner or factor of production in excess of the costs needed to bring that factor into production" - in other words, exactly this.