FMI Public Speaker Series - The Rise of Political Capitalism - Randall Holcombe
Channel: Free Market Institute
Date: 2022-03-10

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.

Drawing research from his book, 𝘗𝘰𝘭𝘪𝘵𝘪𝘤𝘢𝘭 𝘊𝘢𝘱𝘪𝘵𝘢𝘭𝘪𝘴𝘮: 𝘏𝘰𝘸 𝘌𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘢𝘯𝘥 𝘗𝘰𝘭𝘪𝘵𝘪𝘤𝘢𝘭 𝘗𝘰𝘸𝘦𝘳 𝘐𝘴 𝘔𝘢𝘥𝘦 𝘢𝘯𝘥 𝘔𝘢𝘪𝘯𝘵𝘢𝘪𝘯𝘦𝘥 (2018), Prof. Randall 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.

The Free Market Institute welcomed Randall Holcombe, DeVoe Moore Professor of Economics at Florida State University, to deliver a public lecture at Texas Tech University on March 3, 2022.