The Road to Crony Capitalism
By Michael C. Munger, Mario Villarreal-Diaz
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.
|Other Independent Review articles by Michael C. Munger|
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|Fall 2019||The Value and Limits of Academic Speech:Philosophical, Political, and Legal Perspective|
|Fall 2019||Old Whigs:Burke, Lincoln, and the Politics of Prudence|
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