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5min chapter
Political Capitalism and the Power of Elites: Randall Holcombe
The Answer Is Transaction Costs
Intro
This chapter examines the concepts of political capitalism and cronyism in a democratic capitalist society. It highlights the need to analyze these ideas separately from traditional capitalism, considering their implications and challenges in sustaining capitalism within democratic frameworks.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode