Political Capitalism
Subtitle: How Economic and Political Power Is Made and Maintained
Publisher: Cambridge University Press
Published: Jul 19, 2018
Language: eng
Format: paperback
Number of pages: 304
ISBN-13: 9781108449908
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.
Notes: Source title: Political Capitalism: How Economic and Political Power Is Made and Maintained (Cambridge Studies in Economics, Choice, and Society)