Cronyism: Necessary for the Minimal, Protective State.

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    • Subject Terms:
      ESSAYS; CRONY capitalism; MUNGER, Michael; DIAZ, Mario; CAPITALISM
    • Abstract:
      The article discusses the essay by Michael Munger and Mario Villarreal-Diaz titled "The Road to Crony Capitalism" which examines the distinction between ideal capitalism and real capitalism. It states that cronyism is intrinsic to and not separable from capitalism that requires the existence of a state.or a miimal state.