Political Capitalism: How Economic and Political Power Is Made and Maintained

Problems associated with cronyism, corporatism, and policies that favor the elite over the masses have received increasing attention in recent years. Political Capitalism explains that what people often view as the result of corruption and unethical behavior are symptoms of a distinct system of political economy. The symptoms of political capitalism are often viewed as the result of government intervention in a market economy, or as attributes of a capitalist economy itself. Randall G. Holcombe combines well-established theories in economics and the social sciences to show that political capitalism is not a mixed economy, or government intervention in a market economy, or some intermediate step between capitalism and socialism. After developing the economic theory of political capitalism, Holcombe goes on to explain how changes in political ideology have facilitated the growth of political capitalism, and what can be done to redirect public policy back toward the public interest.

Author: Randall G. Holcombe
Publisher: Cambridge University Press
Published: 07/19/2018
Pages: 304
Binding Type: Hardcover
Weight: 1.18lbs
Size: 9.26h x 6.36w x 0.90d
ISBN: 9781108471770

About the Author
Holcombe, Randall G.: - Randall G. Holcombe is DeVoe Moore Professor of Economics at Florida State University. Dr olcombe is also Senior Fellow at the James Madison Institute, a Tallahassee-based think tank that specializes in issues facing state governments. He served on Florida Governor Jeb Bush's Council of Economic Advisors from 2000 to 2006, and is past president of the Public Choice Society and the Society for the Development of Austrian Economics.