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Origin of term "rent-thick"
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2014/01/26
2:54pm
greengendsd
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I've seen this term with an OXFAM report related to India, but where/how did it originate?

2014/02/01
7:28am
polistra
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Some explanation here:

http://www.epw.in/authors/michael-walton

 

Bear in mind that economists use 'rent' to mean any income derived from owning something, not just rent on an apartment.  Royalties on oil, interest on deposits, residuals from a copyright.  So 'rent-thick sectors' seems to mean parts of the economy with lots of residual or royalty income, as opposed to manufacturing or retail where income derives from immediate sales.

 

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