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Capitalism, cronyism, and democracy

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journal contribution
posted on 15.03.2019, 14:09 by Geoff Hodgson
Cronyism and corruption are somewhat less common in democratic countries than in non-democratic ones, but statistical correlations don’t settle the question of whether or not free-market economies tend to degenerate into corporate cronyism. More suggestive is the fact that cronyism and corruption existed long before the advent of capitalism, large corporations, and democracy.

History

School

  • Loughborough University London

Published in

The Independent Review

Volume

23

Issue

3

Pages

345 - 355

Citation

HODGSON, G.M., 2019. Capitalism, cronyism, and democracy. The Independent Review, 23 (3), pp.345-355.

Publisher

Independent Institute

Version

AM (Accepted Manuscript)

Publisher statement

This paper was accepted for publication in the journal The Independent Review and the definitive published version is available at https://www.independent.org/publications/tir/article.asp?id=1344.

Publication date

2019-01-31

ISSN

1086-1653

Language

en