Robert is in Reno. Let him know if you want to place a bet.

Aunt Nancy pictured.

Tonight over dinner Robert explained the term “rent seeking”.  He told Mira that if she is at a cocktail party and wants to sound smart, she can say something like: “Well, that’s largely a rent seeking activity.”

“Rent seeking” is always used as a way to negatively describe a person’s or a group’s activities. The problem is that one person’s rent seeking is another person’s idea of progress.

From Wikipedia:

http://en.wikipedia.org/wiki/Rent_seeking

In public choice theory, rent-seeking is spending wealth on political lobbying to increase one’s share of existing wealth without creating wealth. The effects of rent-seeking are reduced economic efficiency through poor allocation of resources, reduced wealth creation, lost government revenue, increased income inequality,^[1] and national decline.

Current studies of rent-seeking focus on the manipulation of regulatory agencies to gain monopolistic advantages in the market while imposing disadvantages on competitors. The term itself derives, however, from the far older practice of gaining a portion of production through ownership or control of land.

Robert is experimenting with Google Ads as a way to advertise his law practice.  So, when someone in the world uses Google to search the words “software lawyer” or “internet lawyer,” an ad with a link to Robert’s professional website may show up.

You may be interested in knowing how this is working out. Well, after about 2 weeks, Robert’s ad has been displayed 214 times.  Of those “impressions,” the ad has been clicked on . . . wait for it . . . twice.  Those clicks were made by people in Rio de Janiero and St. Lucia. Google charged Robert 75 cents for each click.

Funny, nobody from Rio or St. Lucia has called.

Robert will keep trying . . .

Robert ‘ niece cedes is a dancer.

Circa 2003.

Here we go in 2014.