Do free-market economies have inherent weaknesses that create long-run tendencies toward cronyism? If soand the evidence suggests this is the casethen the best dose of prevention may be to empower entrepreneurs who do not want to become rent seekers and constrain state actors from selling off rents in the first place.
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|Other Independent Review articles by Michael C. Munger|
|Fall 2018||What Is Actually Existing Socialism?|
|Fall 2018||Social Class and State Power|
|Spring 2018||Private Government|
|[View All (32)]|