Crony Capitalism

  title={Crony Capitalism},
  author={Paul H. Rubin},
  journal={Supreme Court Economic Review},
  pages={105 - 120}
This Article discusses “crony capitalism,” a form of rent-seeking, and its sources. Although the term crony capitalism is generally applied to non-Western economies, any economy is susceptible to three primary sources of cronyism: standard special interest legislation, “bootlegger and Baptist” coalitions, and pathological altruism. Identifying cronyism requires care, as what appears to be cronyism is often a second-best response to the inefficiency of an existing government intervention… Expand
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