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: Paperback
Weight: 0.92lbs
Size: 8.97h x 6.11w x 0.90d
ISBN13: 9781108449908
ISBN10: 1108449905
BISAC Categories:
- Political Science | Political Ideologies | Capitalism
- Business & Economics | Free Enterprise & Capitalism
- Political Science | Public Policy | Economic Policy