Whats So Bad About Cronyism

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What's So Bad About Cronyism?

Author : Jay Cost
Publisher : Encounter Books
ISBN 13 : 1594038724
Total Pages : 36 pages
Book Rating : 4.5/5 (94 download)

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Book Synopsis What's So Bad About Cronyism? by : Jay Cost

Download or read book What's So Bad About Cronyism? written by Jay Cost and published by Encounter Books. This book was released on 2015-10-06 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cronyism is a serious problem in the United States, but unfortunately it is still not very well understood. In this new essay, Jay Cost explains what it is, and why we should be so worried about it. By mingling private and public interests, cronyism costs us hundreds of billions of dollars per year and threatens to transform our republic into an oligarchy, where the rich dominate the middle class. Worse, modern cronyism has become embedded into the laws themselves, so politicians in Washington assume that such corruption is just the way things should be. To confront the dangers of cronyism, reformers need to think outside the box, paying special attention to how the political process functions.

Liberalism and Cronyism

Author : Randall G. Holcombe and Andrea M. Castillo
Publisher : Mercatus Center at George Mason University
ISBN 13 : 0989219305
Total Pages : 126 pages
Book Rating : 4.9/5 (892 download)

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Book Synopsis Liberalism and Cronyism by : Randall G. Holcombe and Andrea M. Castillo

Download or read book Liberalism and Cronyism written by Randall G. Holcombe and Andrea M. Castillo and published by Mercatus Center at George Mason University. This book was released on 2013-04-09 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political and economic systems either allow exchange and resource allocation to take place through mutual agreement under a system of liberalism, or force them to take place under a system of cronyism in which some people have the power to direct the activities of others. This book, published by the Mercatus Center at George Mason University, seeks to clarify the differences between liberalism and cronyism by scrutinizing the actual operation of various political and economic systems. Examples include historical systems such as fascism in Germany between the world wars and socialism in the former Soviet Union, as well as contemporary systems such as majoritarianism and industrial policy. By examining how real governments have operated, this book demonstrates why—despite their diverse designs—in practice all political and economic systems are variants of either liberalism or cronyism.

Crony Capitalism and Economic Growth in Latin America

Author : Stephen Haber
Publisher : Hoover Institution Press
ISBN 13 : 0817999663
Total Pages : 173 pages
Book Rating : 4.8/5 (179 download)

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Book Synopsis Crony Capitalism and Economic Growth in Latin America by : Stephen Haber

Download or read book Crony Capitalism and Economic Growth in Latin America written by Stephen Haber and published by Hoover Institution Press. This book was released on 2013-11-01 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crony capitalism systems—in which those close to political policymakers receive favors allowing them to earn returns far above market value—are a fundamental feature of the economies of Latin America. Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world to examine the causes and consequences of cronyism.

The Great Deformation

Author : David Stockman
Publisher : Public Affairs
ISBN 13 : 1586489127
Total Pages : 770 pages
Book Rating : 4.5/5 (864 download)

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Book Synopsis The Great Deformation by : David Stockman

Download or read book The Great Deformation written by David Stockman and published by Public Affairs. This book was released on 2013-04-02 with total page 770 pages. Available in PDF, EPUB and Kindle. Book excerpt: A former Michigan congressman and member of the Reagan administration describes how interference in the financial markets has contributed to the national debt and has damaging and lasting repercussions.

A Capitalism for the People

Author : Luigi Zingales
Publisher : Basic Books
ISBN 13 : 0465038700
Total Pages : 337 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis A Capitalism for the People by : Luigi Zingales

Download or read book A Capitalism for the People written by Luigi Zingales and published by Basic Books. This book was released on 2014-02-11 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment -- paired with rampant nepotism and cronyism -- on a country's economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better. In A Capitalism for the People, Zingales makes a forceful, philosophical, and at times personal argument that the roots of American capitalism are dying, and that the result is a drift toward the more corrupt systems found throughout Europe and much of the rest of the world. American capitalism, according to Zingales, grew in a unique incubator that provided it with a distinct flavor of competitiveness, a meritocratic nature that fostered trust in markets and a faith in mobility. Lately, however, that trust has been eroded by a betrayal of our pro-business elites, whose lobbying has come to dictate the market rather than be subject to it, and this betrayal has taken place with the complicity of our intellectual class. Because of this trend, much of the country is questioning -- often with great anger -- whether the system that has for so long buoyed their hopes has now betrayed them once and for all. What we are left with is either anti-market pitchfork populism or pro-business technocratic insularity. Neither of these options presents a way to preserve what the author calls "the lighthouse" of American capitalism. Zingales argues that the way forward is pro-market populism, a fostering of truly free and open competition for the good of the people -- not for the good of big business. Drawing on the historical record of American populism at the turn of the twentieth century, Zingales illustrates how our current circumstances aren't all that different. People in the middle and at the bottom are getting squeezed, while people at the top are only growing richer. The solutions now, as then, are reforms to economic policy that level the playing field. Reforms that may be anti-business (specifically anti-big business), but are squarely pro-market. The question is whether we can once again muster the courage to confront the powers that be.

Throw Them All Out

Author : Peter Schweizer
Publisher : Houghton Mifflin Harcourt
ISBN 13 : 0547573146
Total Pages : 245 pages
Book Rating : 4.5/5 (475 download)

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Book Synopsis Throw Them All Out by : Peter Schweizer

Download or read book Throw Them All Out written by Peter Schweizer and published by Houghton Mifflin Harcourt. This book was released on 2011 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Schweizer, a research fellow at the Hoover Institution at Stanford University, discusses the state of government and the depths of its political corruption.

A Republic No More

Author : Jay Cost
Publisher : Encounter Books
ISBN 13 : 1594038686
Total Pages : 379 pages
Book Rating : 4.5/5 (94 download)

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Book Synopsis A Republic No More by : Jay Cost

Download or read book A Republic No More written by Jay Cost and published by Encounter Books. This book was released on 2016-07-12 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the Constitutional Convention, Benjamin Franklin was asked, “Well, Doctor, what have we got—a Republic or a Monarchy?” Franklin’s response: “A Republic—if you can keep it.” This book argues: we couldn’t keep it. A true republic privileges the common interest above the special interests. To do this, our Constitution established an elaborate system of checks and balances that disperses power among the branches of government, which it places in conflict with one another. The Framers believed that this would keep grasping, covetous factions from acquiring enough power to dominate government. Instead, only the people would rule. Proper institutional design is essential to this system. Each branch must manage responsibly the powers it is granted, as well as rebuke the other branches when they go astray. This is where subsequent generations have run into trouble: we have overloaded our government with more power than it can handle. The Constitution’s checks and balances have broken down because the institutions created in 1787 cannot exercise responsibly the powers of our sprawling, immense twenty-first-century government. The result is the triumph of special interests over the common interest. James Madison called this factionalism. We know it as political corruption. Corruption today is so widespread that our government is not really a republic, but rather a special interest democracy. Everybody may participate, yes, but the contours of public policy depend not so much on the common good, as on the push-and-pull of the various interest groups encamped in Washington, DC.

Policy Stability and Economic Growth – Lessons from the Great Recession

Author : John B. Taylor
Publisher : London Publishing Partnership
ISBN 13 : 0255367201
Total Pages : 113 pages
Book Rating : 4.2/5 (553 download)

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Book Synopsis Policy Stability and Economic Growth – Lessons from the Great Recession by : John B. Taylor

Download or read book Policy Stability and Economic Growth – Lessons from the Great Recession written by John B. Taylor and published by London Publishing Partnership. This book was released on 2016-02-11 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Taylor is one of the foremost economists of our generation. His ideas were implemented in central banks across the world during the period of price stability, economic growth and financial stability that followed the 1980s. Of course, this period culminated in the financial crisis of 2008, which was followed by a very slow recovery, which, eight years on, can hardly be said to be complete. This short book presents Taylor’s view of the financial crisis and its aftermath as expressed in the 2014 F. A. Hayek Memorial Lecture. He believes that the rules-based monetary policy that he espoused broke down in the run-up to the crisis and afterwards. Furthermore, other aspects of policy became erratic and discretionary to the point that the rule of law could be said to be under threat. According to the author, these problems contributed to the crisis and to the slow recovery – indeed, they were a major cause. Two commentaries follow John Taylor’s lecture. One is by Patrick Minford and the other is by the Bank of England’s Chief Economist Andrew Haldane and Amar Radia. Both recognise Taylor’s immense contribution to economic theory and policy. The commentaries are themselves an important contribution and they are followed by a response from John Taylor which addresses the issues raised by the commentators.

What's Wrong with Protectionism

Author : Pierre Lemieux
Publisher : Rowman & Littlefield
ISBN 13 : 1538122138
Total Pages : 142 pages
Book Rating : 4.5/5 (381 download)

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Book Synopsis What's Wrong with Protectionism by : Pierre Lemieux

Download or read book What's Wrong with Protectionism written by Pierre Lemieux and published by Rowman & Littlefield. This book was released on 2018-08-27 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Putting tariffs on imported goods or setting other barriers to international trade can be tempting for politicians. They assume that many of their constituents believe that free trade is not fair trade and that other countries aren’t playing by the rules. This belief makes it easy for industry leaders to demand protection for their businesses and their workers—to “put America first.” But Americans should resist the siren calls of protectionism. In this highly relevant protectionism primer, Pierre Lemieux shows what can happen if they don’t. As the author demonstrates, trade between any two countries is fair for the same reasons as exchange between two individuals: it is to the benefit of both. Lemieux carefully refutes the arguments of those who would curtail Americans’ access to the benefits of international commerce—from the claim that we can boost economic growth by reducing imports to the belief that free trade leads to “shipping jobs overseas.” Yes, manufacturing jobs are declining in this country and have been since the 1950s. But, as Lemieux points out, that’s in large part because Americans are making more advanced products more efficiently—that’s our comparative advantage. And this is happening as less-developed countries are producing more labor-intensive, low-tech goods—that’s their comparative advantage. All parties to a trade benefit. Lemieux shows how free trade improves the lives of American consumers, especially the poor. The narrow agenda of the protectionists—to protect a small minority of producers at the expense of millions of their fellow Americans—is the wrong path for an increasingly diverse and complex economy. This concise primer shows you why.

Limited Access Orders in the Developing World: a New Approach to the Problems of Development

Author : Douglass C. North
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4./5 ( download)

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Book Synopsis Limited Access Orders in the Developing World: a New Approach to the Problems of Development by : Douglass C. North

Download or read book Limited Access Orders in the Developing World: a New Approach to the Problems of Development written by Douglass C. North and published by World Bank Publications. This book was released on 2007 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Crony Capitalism in India

Author : Naresh Khatri
Publisher : Springer
ISBN 13 : 1137582871
Total Pages : 243 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis Crony Capitalism in India by : Naresh Khatri

Download or read book Crony Capitalism in India written by Naresh Khatri and published by Springer. This book was released on 2017-07-17 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crony Capitalism in India provides a comprehensive and scholarly examination of the important topic of crony capitalism, filling an important gap in the market. Bringing together experts from various backgrounds, it addresses the key underpinnings of this complex and multifarious issue. Given the emergent nature of the Indian economy, this book provides important information for decision makers in both government and business to help establish a robust institutional framework that is so desperately needed both in India and globally.

The Bourgeois Virtues

Author : Deirdre Nansen
Publisher : University of Chicago Press
ISBN 13 : 0226556670
Total Pages : 637 pages
Book Rating : 4.2/5 (265 download)

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Book Synopsis The Bourgeois Virtues by : Deirdre Nansen

Download or read book The Bourgeois Virtues written by Deirdre Nansen and published by University of Chicago Press. This book was released on 2010-03-15 with total page 637 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a century and a half, the artists and intellectuals of Europe have scorned the bourgeoisie. And for a millennium and a half, the philosophers and theologians of Europe have scorned the marketplace. The bourgeois life, capitalism, Mencken’s “booboisie” and David Brooks’s “bobos”—all have been, and still are, framed as being responsible for everything from financial to moral poverty, world wars, and spiritual desuetude. Countering these centuries of assumptions and unexamined thinking is Deirdre McCloskey’s The Bourgeois Virtues, a magnum opus that offers a radical view: capitalism is good for us. McCloskey’s sweeping, charming, and even humorous survey of ethical thought and economic realities—from Plato to Barbara Ehrenreich—overturns every assumption we have about being bourgeois. Can you be virtuous and bourgeois? Do markets improve ethics? Has capitalism made us better as well as richer? Yes, yes, and yes, argues McCloskey, who takes on centuries of capitalism’s critics with her erudition and sheer scope of knowledge. Applying a new tradition of “virtue ethics” to our lives in modern economies, she affirms American capitalism without ignoring its faults and celebrates the bourgeois lives we actually live, without supposing that they must be lives without ethical foundations. High Noon, Kant, Bill Murray, the modern novel, van Gogh, and of course economics and the economy all come into play in a book that can only be described as a monumental project and a life’s work. The Bourgeois Virtues is nothing less than a dazzling reinterpretation of Western intellectual history, a dead-serious reply to the critics of capitalism—and a surprising page-turner.

China’s Crony Capitalism

Author : Minxin Pei
Publisher : Harvard University Press
ISBN 13 : 0674737296
Total Pages : 376 pages
Book Rating : 4.6/5 (747 download)

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Book Synopsis China’s Crony Capitalism by : Minxin Pei

Download or read book China’s Crony Capitalism written by Minxin Pei and published by Harvard University Press. This book was released on 2016-10-03 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s efforts to modernize yielded a kleptocracy characterized by corruption, wealth inequality, and social tensions. Rejecting conventional platitudes about the resilience of Party rule, Minxin Pei gathers unambiguous evidence that beneath China’s facade of ever-expanding prosperity and power lies a Leninist state in an advanced stage of decay.

Russia's Crony Capitalism

Author : Anders Aslund
Publisher : Yale University Press
ISBN 13 : 030024486X
Total Pages : 336 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Russia's Crony Capitalism by : Anders Aslund

Download or read book Russia's Crony Capitalism written by Anders Aslund and published by Yale University Press. This book was released on 2019-05-23 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia’s future This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia’s economy in untenable stagnation, which Putin has tried to mask through military might.

Crony Capitalism in America

Author : Hunter Lewis
Publisher : Ac2 Books
ISBN 13 : 9780988726727
Total Pages : 0 pages
Book Rating : 4.7/5 (267 download)

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Book Synopsis Crony Capitalism in America by : Hunter Lewis

Download or read book Crony Capitalism in America written by Hunter Lewis and published by Ac2 Books. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We see it everywhere: shady deals between politicians, regulators, and powerful private interests. Increasingly this is how our economy is run. If we are going to do anything about our present economic problems, and give the poor a chance, we need to eliminate crony capitalism. Although full of hair-raising stories, this book is also about solution

China's Gilded Age

Author : Yuen Yuen Ang
Publisher : Cambridge University Press
ISBN 13 : 1108802389
Total Pages : 275 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis China's Gilded Age by : Yuen Yuen Ang

Download or read book China's Gilded Age written by Yuen Yuen Ang and published by Cambridge University Press. This book was released on 2020-05-28 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money - elite exchanges of power and profit - cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anti-corruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she reveals that the rise of capitalism was not accompanied by the eradication of corruption, but rather by its evolution from thuggery and theft to access money. In doing so, she changes the way we think about corruption and capitalism, not only in China but around the world.

The World According to China

Author : Elizabeth C. Economy
Publisher : John Wiley & Sons
ISBN 13 : 1509537511
Total Pages : 304 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis The World According to China by : Elizabeth C. Economy

Download or read book The World According to China written by Elizabeth C. Economy and published by John Wiley & Sons. This book was released on 2021-10-25 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: An economic and military superpower with 20 percent of the world’s population, China has the wherewithal to transform the international system. Xi Jinping’s bold calls for China to “lead in the reform of the global governance system” suggest that he has just such an ambition. But how does he plan to realize it? And what does it mean for the rest of the world? In this compelling book, Elizabeth Economy reveals China’s ambitious new strategy to reclaim the country’s past glory and reshape the geostrategic landscape in dramatic new ways. Xi’s vision is one of Chinese centrality on the global stage, in which the mainland has realized its sovereignty claims over Hong Kong, Taiwan, and the South China Sea, deepened its global political, economic, and security reach through its grand-scale Belt and Road Initiative, and used its leadership in the United Nations and other institutions to align international norms and values, particularly around human rights, with those of China. It is a world radically different from that of today. The international community needs to understand and respond to the great risks, as well as the potential opportunities, of a world rebuilt by China.