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Rent-seeking
By the way, does Michael Jensen's "free cash flow" analysis fall under
the rent-seeking rubric? That is, is there such a thing as corporate
rent-seeking? And is the takeover market - "the liquid market for
corporate control," as they used to say back in the 1980s - an
appropriate and effective disciplinary mechanism?
Doug
Doug Henwood [dhenwood@xxxxxxxxx]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
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