Cronyism
Rise of the Corporatist State, 1849-1929
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Cronyism
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Narrated by:
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Christian Pollak
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By:
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Patrick Newman
This book is about the birth of the corporatist state in America. It did not occur instantaneously or even within a couple of years; it spanned the eight decades from the collapse of the Jacksonian Democrats in 1849 to the pervasive dominance of Wall Street and big business before the Great Depression. The evolution of the government into a powerful cartelizer of the economy—finance, transportation, manufacturing, labor, food, and drugs—required multiple stages of myriad special interests persistently lobbying to reduce competitive market pressures. It required cronyism: government intervention that benefits special interests at the expense of the public interest.
Patrick Newman is an assistant teaching professor of economics at the University of Tampa and a Murray N. Rothbard Research Fellow at the Mises Institute. He is the author of Cronyism: Liberty versus Power in Early America, 1607-1849 and the editor of Rothbard's The Progressive Era and Conceived in Liberty, Volume V: The New Republic, 1784-1791.
©2026 Ludwig von Mises Institute (P)2026 Ludwig von Mises Institute