Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

The Role of Rents in the Transition from Socialist Redistributive Economies to Market Capitalism

No metrics data to plot.
The attempt to load metrics for this article has failed.
The attempt to plot a graph for these metrics has failed.
The full text of this article is not currently available.

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this article

+ Tax (if applicable)
Add to Favorites
You must be logged in to use this functionality

image of Comparative Sociology
For content published from 1960-2001, see International Journal of Comparative Sociology.

In this paper the authors make a critical distinction between inequalities arising from profits and wages and inequalities arising from rents, following Sorensen and 19th century economist Ricardo. Their new contribution is to articulate how rents are especially important in post-communist capitalist transition. Without the concept of rents, the mechanisms of corruption cannot be understood. The authors identify three types of rent-seeking behavior, which can be observed in any capitalist country, that play a particularly important role in post-communist transition: (i) market capture by political elites; (ii) state capture by oligarchs; (iii) capture of oligarchs by autocratic rulers through selective criminalization and the redistribution of their wealth to loyal new rich.

Affiliations: 1: Corvinus University of BudapestHungary ; 2: Yale University New HavenUSA


Full text loading...


Data & Media loading...

1. Acemoglu D., Robinson J. Why Nations Fail, The Origins of Power, Prosperity, and Poverty 2012 Boston Harvard University Press
2. Acemoglu D., Robinson J."“The Rise and Decline of General Laws of Capitalism”" Journal of Economic Perspectives 2015Vol 1 3 28 [Crossref]
3. Aslund A. How Russia Became a Market Economy 1999 Washington, D.C. The Brookings Institution
4. Aslund A."“Russia Can’t Grow and Steal at the Same Time”" Moscow Times 2013 November 27
5. Aslund A., Simon C."“Russia’s Gloomy Prospects”" Project Syndicate 2016 May 9
6. Atkinson T. Inequality. What Can be Done? 2015 Cambridge Harvard University Press [Crossref]
7. Bhagwati J."“Directly Unproductive Profit-Seeking (dup) Activities”" Journal of Political Economy 1982Vol 90 988 1002 [Crossref]
8. Bohle D., Greskovits B. Capitalist Diversity on Europe’s Periphery 2012 Ithaca – London Cornell University Press
9. Bourdieu P., Passeron J-C. Reproduction in Education, Society and Culture [1970] 1977 London Sage
10. Buchanan J.M., Tollison R.D., Tullock T.G. Toward a Theory of Rent Seeking Society 1980 College Station Texas A&M University Press
11. Conley D. Being Black and Living in Red 1999 Berkeley University of California Press
12. Eyal G., Szelényi I., Townsley E. Making Capitalism without Capitalists 1998 London Verso
13. Folsom Burton W. The Myth of the Robber Barons [1987] 2010 Herndon, Virginia Young America’s Foundation
14. Hankiss E. East European Alternatives 1990 Oxford Clarendon Press
15. Huang P."“Chongqing: Equitable Development Driven by a ‘Third Hand’?”" Modern China 2011Vol 6 559 622
16. Josephson M. The Robber Barons 1934 New York Harcourt Inc.
17. King L., Szelényi I. S. Neil, Swedberg R."“Postcommunist Economic Systems”" The Handbook of Economic Sociology 2005 Princeton Princeton University Press 206 232
18. Klebnikov P. Godfather of the Kremlin 2001 New York Houghton Mifflin Harcourt
19. Kolosi T., Szelényi I."Hogyan legyünk milliárdosok? (How to become a billionaire)" 2010 Budapest Corvina (In Hungarian).
20. Kornai J. The Socialist System 1992 Princeton Princeton University Press [Crossref]
21. Krueger A."“The Political Economy of Rent Seeking Society”" American Economic Review 1974Vol 3 291 303
22. Krugman P."“Why We’re in a New Gilded Age”" The New York Review of Books 2014 May 4
23. Kuznets S."“Economic Growth and Income Inequality”" American Economic Review 1955Vol 1 1 28
24. Locke John Two Treatise of Government [1698] 1988 Cambridge Cambridge University Press
25. Magyar B. PostCommunist Maffia State 2016 Budapest Central European University Press
26. Marx K. Capital, Volume I [1867] 1954 Moscow Progress Publishers
27. Marx K. Capital, Volume II [1885] 1956 Moscow Progress Publishers
28. Marx K. Capital, Volume III [1894] 1959 Moscow Progress Publishers
29. Mihalyi P."“The evolution of Hungary’s approach to fdi in postcommunist privatization”" Transnational Corporations 2001Vol 3 61 74
30. Oliver M. Black Wealth/White Wealth. A New Perspective on Racial Inequality 1995 New York Routledge
31. Olson M. The Rise and Decline of Nations 1982 New Haven, CT. Yale University Press
32. Pareto V."The Mind and Society" Trattato Di Sociologia General [1916] 1935 New York Harcourt, Brace
33. Piketty T. Capital in the 21st Century [2013] 2014 Cambridge Harvard University Press
34. Pirvu D."“Corruption: Profile of Political Companies in Romania”" Acta Oeconomica 2015Vol 65 1 65 82 (Special Issue) [Crossref]
35. Polányi K. The Great Transformation [1944] 1957 Reinhart & Company, Inc.
36. Polanyi K. Dahomey and the Slave Trade 1966 Seattle University of Washington Press
37. Posner R."“The Social Costs on Monopoly and Regulation”" The Journal of Political Economy 1970Vol 4 807 828
38. Posner R. A Failure of Capitalism 2009 Cambridge Harvard University Press
39. Ricardo D. The Principles of Political Economy and Taxation [1817] 2004 Mineola, NY. Dover Publications
40. Roemer J. A General Theory of Exploitation and Class 1982 Cambridge, MA Harvard University Press [Crossref]
41. Smith A. The Wealth of Nations [1776] 1976 Chicago The University of Chicago Press
42. Solow R."“Thomas Piketty Is Right”" New Republic 2014 April 22
43. Sorensen A."“Toward a Sounder Basis for Class Analysis”" American Journal of Sociology 2000Vol 6 1523 1558 [Crossref]
44. Staniszkis J."“Political Capitalism in Poland”" East European Politics and Societies 1991Vol 1 127 141
45. Stanley T., Danko W. The Millionaire Next Door, The Surprising Secrets of America’s Wealthy 1998 New York Simon and Schuster
46. Stiglitz J. The Price of Inequality 2012 New York W.W. Norton and Company
47. Stiglitz J."New Theoretical Perspectives on the Distribution of Income and Wealth among Individuals, Part i, ii and iii" NBER Working Papers Series 2015 Cambridge, Ma National Bureau of Economic Research
48. Szalai E."“The New Elite”" Across Frontiers 1989Vol 5 25 31
49. Szelényi I."“The New Grand Bourgeoisie under PostCommunism. Central Europe, Russia and China Compared”" Working Paper No. 2010/63 2010 Helsinki United Nations University, World Institute for Development Economic Research
50. Tullock G."“The Welfare Costs of Tariffs, Monopolies and Theft”" Western Economic Journal 1967Vol 5 224 232
51. Weber M. Economy and Society [1921] 1978 Berkeley, CA. University of California Press
52. Weber M. Wirtschaft und Gesellschaft. Soziologie. Max Weber Gesamtausgabe [1921] 2013Vol Band 23 Tübingen J.C.B. Mohr
53. Weber M. The Agrarian History and Ancient Civilization [1908] 1986 London Verso (German Edition mwg Band 6. pp. 320-751). Tübingen: J.C.B. Mohr, 2006. [Agrarverhältnisse im Altertum (3. Fassung)

Article metrics loading...



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Subscribe to ToC alert
  • Get permissions
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Comparative Sociology — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation