(Ebook) Political Capitalism: How Economic And Political Power Is Made And Maintained by Randall G. Holcombe ISBN 9781108637251, 1108637256

(Ebook) Political Capitalism: How Economic And Political Power Is Made And Maintained by Randall G. Holcombe ISBN 9781108637251, 1108637256

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.1 - The Concept of Political Capitalism2 - Political Capitalism as an Economic System3 - The Political and Economic Elite4 - Interest Groups and Political Exchange5 - Political Creation of Economic Rents6 - Transitional Gains and Rent Extraction7 - The Regulatory State8 - Capitalism Versus Democracy9 - The Institutional Evolution of Political Capitalism10 - Public Policy and Political Capitalism11 - Is Political Capitalism Inevitable?https://www.cambridge.org/core/books/political-capitalism/668D714DEEA375AF686E479535E1876A