1. GOVERNMENT AND CRONYISM: A REPLY TO CHALMERS’S COMMENT.
- Author
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KLEIN, PETER G., HOLMES JR., R. MICHAEL, FOSS, NICOLAI, TERJESEN, SIRI, and PEPE, JUSTIN
- Subjects
CROSS-cultural studies ,BUSINESS & politics ,SOCIAL sciences education ,STATE power ,SOCIAL theory ,ACADEMIC-industrial collaboration ,FREEDOM of association ,BRIBERY - Abstract
This article responds to a comment on a previous article that argued critics of capitalism often confuse it with cronyism. The response addresses the assumptions made in the comment and highlights the complexities of government policy reflecting society's will. It also discusses the relationship between cronyism and capitalism, emphasizing that cronyism depends on the state's level of involvement in the economy. The article concludes by acknowledging the different perspectives on capitalism and cronyism and the need for further research on these topics. The text also discusses the potential for cronyism in government institutions and the relationship between cronyism and capitalism. It argues that firms' dependence on government increases the potential for cronyism, and that special interests often shape public policy to their own preferences. The text also addresses the assumption that government policy reflects society's will and explores the distinctions between cronyism and capitalism. It concludes by discussing the size and scope of the state and the challenges of government intervention in the private sector. Overall, the text highlights the need for further research on the antecedents of government policy and the potential consequences of government intervention. The text also discusses the topic of cronyism and its impact on government policy and effectiveness. It suggests methods such as citizen assemblies and shareholder resolutions to address cronyism and emphasizes the importance of understanding managers' value systems and their influence on decision-making. The text calls for more research on government effectiveness and the role of institutions in shaping public policy. It concludes by stating that management research on cr [Extracted from the article]
- Published
- 2024
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