Download This PaperCapitalism, Cronyism, and Management Scholarship: A Call for Clarity
47 Pages Posted: 22 Mar 2021
Date Written: March 3, 2021
Abstract
Capitalism, characterized by private ownership, coordination through markets, and decentralization, is blamed for a variety of economic, environmental, and social ills. These critiques often confuse capitalism with cronyism, a system of government favoritism toward particular firms. We show how this confusion harms management research, teaching, and practice.
Keywords: capitalism, cronyism, influence activities, rent-seeking, social responsibility
JEL Classification: D71, M14, L50
Suggested Citation: Suggested Citation
Klein, Peter G. and Holmes, R. Michael and Foss, Nicolai J. and Terjesen, Siri and Pepe, Justin, Capitalism, Cronyism, and Management Scholarship: A Call for Clarity (March 3, 2021). Available at SSRN: https://ssrn.com/abstract=3797259 or http://dx.doi.org/10.2139/ssrn.3797259
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