The economics and history of cronyism
Henderson, David R.
MetadataShow full item record
Cronyism is the substitution of political influence for free markets. It comes about when government has a lot of power over private-sector decisions and when the government officials in power have great discretion over how to use it. Cronyism is not simply a zero-sum game that takes from some and gives to others; it is negative-sum. The losses to the losers substantially outweigh the gains to the winners. In short, cronyism destroys wealth. By shifting power to government, cronyism makes political power more important and increases the competition for that political power. The way to reduce or end cronyism is to reduce or end that government power.
RightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
Showing items related by title, author, creator and subject.
Relationships Between Government Size and Economic Growth: Japan's Government Reforms and Evidence from OECD Terasawa, Katsuaki L.; Gates, William R. (1998);This paper examines the relationship between government size and economic growth of 21 industrialized countries. Government size is measured by government final consumption expenditures and transfer payments. The ...
Naval Postgraduate School Center for Homeland Defense and Security (CHDS) (Monterey, California. Naval Postgraduate SchoolCenter for Homeland Defense and Security, 2006-07);July 2006. The July 2006 issue of Homeland Security Affairs offers articles about risk perception, domestic right wing extremist groups, social network analysis, and the impact of foreign policy on homeland security. It ...
Jankowski, Patrick; Lehmann, Matthew; McGee, Michael P. (2006-06-01); NPS-FM-06-019This project identifies a need for alternative financing options in the Department of Defense (DOD) to provide increased capability to the warfighter in today''s exigent military environment. Further, this project compares ...