Michael Munger on Crony Capitalism
25/02/2019 by EconTalk: Russ Roberts
Michael Munger of Duke University talks with EconTalk host Russ Roberts about whether real capitalism is unstable and leads inevitably to crony capitalism. They also discuss ways to prevent the descent into cronyism and speculate on their own blind spots.
Start Date: 12 March 2019
Finish Date: 26 April 2019
A terribly unsatisfying episode. Just theorising, polite acknowledgement of their own biases, and referring to very little data. But one mushy episode once in a while is pretty high quality anyhow.