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...

We examine the role of political connections in US state government-awarded corporate economic incentives, and whether a role (if present) is cause for constituent concern. We find that companies are more likely to receive an incentive award in a politically connected state and this association...

"Cronyism: Liberty versus Power in America 1607-1849 describes the evolution of political favor seeking in early American history, from the colonial era to the Mexican War. Newman argues that cronyism emerged from the perennial clash between the forces of liberty and power. When the...