The Price of Inequality by Joseph Stiglitz: “Crony capitalism exacerbates inequality, slows economic growth and undermines public trust. Unequal distribution of power and wealth fosters an environment where corruption thrives.”
What constitutes corruption and what are the effects of corruption on the economy, society and governance?
Corruption: What Everyone Needs to Know by Ray Fisman and Miriam A Golden: “Corruption is economically corrosive and reduces efficiency by distorting incentives and diverting resources, while also eroding trust in institutions.”
