New Book: Political Capitalism By Dr. Randall Holcombe

Frequent demands that the government should do something (about so many things!) are too often based on wishful thinking—the thought that if government is given the power to act, it will do what the critics want. But giving the government power to do something too often means giving the elite more power to use the system for their benefit. I don’t claim that my book has all the answers; but problems cannot be effectively addressed without understanding their causes. My book explains why cronyism and favoritism toward special interests has become increasingly common.