Capitalism, Cronyism, and Management Scholarship: A Call for Clarity

Peter G. Klein; R. Michael  Holmes Jr.; Nicolai J. Foss; Siri Terjesen; Justin  Pepe

doi:10.5465/amp.2019.0198

Capitalism, Cronyism, and Management Scholarship: A Call for Clarity

Peter G. Klein, R. Michael Holmes Jr., Nicolai J. Foss, Siri Terjesen, Justin Pepe

Research output: Contribution to journal › Journal article › Research › peer-review

Abstract

Capitalism, characterized by 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.

Original language	English
Journal	Academy of Management Perspectives
Volume	36
Issue number	1
Pages (from-to)	6-29
Number of pages	24
ISSN	1558-9080
DOIs	https://doi.org/10.5465/amp.2019.0198
Publication status	Published - Feb 2022
Externally published	Yes

Bibliographical note

Published online: 25. June 2021.

Access to Document

10.5465/amp.2019.0198Licence: Unspecified

Handle.net

Persistent link

Cite this

@article{b35a300aa7cf4da1a0df3ae68179181c,

title = "Capitalism, Cronyism, and Management Scholarship: A Call for Clarity",

abstract = "Capitalism, characterized by 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. ",

author = "Klein, {Peter G.} and {Holmes Jr.}, {R. Michael} and Foss, {Nicolai J.} and Siri Terjesen and Justin Pepe",

note = "Published online: 25. June 2021.",

year = "2022",

month = feb,

doi = "10.5465/amp.2019.0198",

language = "English",

volume = "36",

pages = "6--29",

journal = "Academy of Management Perspectives",

issn = "1558-9080",

publisher = "Academy of Management",

number = "1",

}

TY - JOUR

T1 - Capitalism, Cronyism, and Management Scholarship

T2 - A Call for Clarity

AU - Klein, Peter G.

AU - Holmes Jr., R. Michael

AU - Foss, Nicolai J.

AU - Terjesen, Siri

AU - Pepe, Justin

N1 - Published online: 25. June 2021.

PY - 2022/2

Y1 - 2022/2

N2 - Capitalism, characterized by 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.

AB - Capitalism, characterized by 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.

U2 - 10.5465/amp.2019.0198

DO - 10.5465/amp.2019.0198

M3 - Journal article

SN - 1558-9080

VL - 36

SP - 6

EP - 29

JO - Academy of Management Perspectives

JF - Academy of Management Perspectives

IS - 1

ER -