Why Government Bestowal of Economic Privileges is Pathological
MEDIA CLIPPING
Powerline
Why Government Bestowal of Economic Privileges is Pathological
This excerpt originally appeared in Powerline on July 9, 2012.
Matt Mitchell, a senior research fellow at George Mason University’s Mercatus Center, has written an important paper called “The Pathology of Privilege: The Economic Consequences of Government Favoritism.” We have discussed such favoritism, which also goes by the names “crony capitalism” and “corporatism,” from time to time. But Mitchell’s paper provides an economic analysis and unified theory of the phenomenon.
