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.

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Cite this

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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",

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year = "2022",

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doi = "10.5465/amp.2019.0198",

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AU - Terjesen, Siri

AU - Pepe, Justin

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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

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