A study in Economic Inquiry uses a novel experimental design to deconstruct the motives behind engaging in cronyism, for example, when a manager hires a friend without proper regard to their ...

When economists explain the financial crisis that hit the “tiger economies” of Indonesia, Malaysia and South Korea, among others, in 1997, some reach for the term “crony capitalism”. A cosy ...

Just when we think we have a handle on the Tea Party, it immediately slips out of our grasp. Up until quite recently, the Tea Party was widely accepted as a racist movement made up of grumpy old white ...

Cronyism between the economic political elite is a threat to national prosperity, a Florida State University researcher argues in a new book. Randall Holcombe, DeVoe Moore Professor of Economics, says ...

Forbes contributors publish independent expert analyses and insights. Wayne Winegarden covers the economic impacts of regulatory policies Cronyism and industrial policy are thriving to the detriment ...

How pathetic, deep and ridiculous is federal government cronyism? We’ve reached the point where private companies are demanding crony favoritism – against the ...

“The economy, stupid.” Democratic operative James Carville used that simple phrase in 1992 to remind former President Bill Clinton to maintain narrow focus on that issue. Republicans who want to beat ...

With each passing week in 2024 almost four new members joined the growing class of the ultra-rich, according to a recent report by anti-poverty advocacy firm Oxfam. The richest individuals in the ...

The “spoils system” of the 19th century filled the government with party loyalists and increased corruption across the country, until a popular political movement created appetite for reform.