Randall Holcomb

Professor at Florida State University, specializing in public choice economics and the study of political capitalism. Author of several books on political economy.

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Dec 24, 2024 • 1h 2min

Political Capitalism and the Power of Elites: Randall Holcombe

Randall Holcombe, a Professor at Florida State University and expert in political capitalism, delves into the intricate dance between democracy and capitalism. He critiques the notion that democracy inherently checks power, emphasizing the significance of competing elites for accountability. Holcombe explores how transaction costs hinder citizen engagement, while charismatic leadership shapes political beliefs. He also discusses the dynamics of cronyism in democracy and offers reasons for optimism in innovation within political challenges, hinting at his upcoming book, 'Politics as Exchange.'