The Calculus of Lobbying
Michael discusses the relationship between lobbying and profit opportunities in the business world, using Microsoft as an example. He explores how companies may shift their focus from engineering to lobbying as they mature, and the potential consequences of this shift.In this clip
From this podcast

EconTalk
Michael Munger on Crony Capitalism
Related Questions
Are monopolies stifling true market innovation?
Are monopolies stifling true market innovation as discussed in the episode Michael Munger on Antitrust and the clip Antitrust Trade-offs?
Are monopolies stifling true market innovation as discussed in the episode Michael Munger on Antitrust and the clip The Monopoly Debate?