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Dealing with rent and rentier economies: New perspectives from institutional economics. An introduction to the issue "Capitalisms and rentier regimes"
[Apprivoiser la rente : les enjeux des phénomènes rentiers et leur traitement par l’économie institutionnelle. Introduction au dossier]

Author

Listed:
  • Adrien Faudot
  • Julien Vercueil

Abstract

Heterodox economics may study rent from various angles. The first one is that of the source of income; the second is that of its macroeconomic impacts; the third is that of income distribution. This introduction highlights the contributions of the papers published in this issue from these three different angles. As far as it is concerned, Régulation Theory has developed a comprehensive reading of what it called the "rentier accumulation regime", including it in the analysis of the variety of capitalism and allowing for a dialogue with development economics. In particular, it shows that institutional hierarchies co-evolve with the fluctuations of rent. The notion of rentier accumulation regime enables us to understand how some developing countries have resilient institutions despite structural weaknesses.

Suggested Citation

  • Adrien Faudot & Julien Vercueil, 2021. "Dealing with rent and rentier economies: New perspectives from institutional economics. An introduction to the issue "Capitalisms and rentier regimes" [Apprivoiser la rente : les enjeux d," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 31.
  • Handle: RePEc:rvr:journl:2021:20819
    DOI: 10.4000/regulation.20819
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    More about this item

    Keywords

    rent; rentier accumulation regimes; Régulation Theory; variety of capitalism; development economics;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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