ENGLISH

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

By Randall G. Holcombe

Book information

Publisher
Cambridge University Press
Year
2018
ISBN
1108471773, 9781108471770, 1108637256, 9781108637251, 1108637256, 9781108637251, 1108449905, 9781108449908
Language
english
Format
PDF
Filesize
2 MB (1716987 bytes)
Series
Cambridge Studies In Economics, Choice, And Society
Edition
1st Edition
Pages
305\305
Time added
2020-10-30 21:40:48
Capitalism: Political AspectsPower (Social Sciences)

Description

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.

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