Randall G. Holcombe | |
---|---|
Born | United States | June 4, 1950
Academic career | |
Field | Economics, Austrian School, public choice, Constitutional economics, public policy, entrepreneurship |
Institution | Florida State University |
School or tradition | Austrian School |
Alma mater | Virginia Tech, University of Florida |
Influences | James M. Buchanan, Murray Rothbard |
Contributions | Public choice theory |
Information at IDEAS / RePEc |
Randall Gregory Holcombe (born June 4, 1950) is an American economist, and the DeVoe Moore Professor of Economics at Florida State University. [1] He is a Senior Fellow at The Independent Institute, [2] a Senior Fellow and member of the Research Advisory Council at The James Madison Institute, [3] and past president of the Public Choice Society. [4] From 2000 to 2006 he served on Governor Jeb Bush's Council of Economic Advisors. [4]
Holcombe is the author of several books on economics and American politics. [2] In libertarian theoretical discourse, he has argued that private defense agencies could form cartels and oppress people, more or less as governments, with little fear of competition. [5]
Holcombe is a musician and licensed pilot. [6]
The Austrian school is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result primarily from the motivations and actions of individuals along with their self interest. Austrian-school theorists hold that economic theory should be exclusively derived from basic principles of human action.
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James McGill Buchanan Jr. was an American economist known for his work on public choice theory originally outlined in his most famous work, The Calculus of Consent, co-authored with Gordon Tullock in 1962. He continued to develop the theory, eventually receiving the Nobel Memorial Prize in Economic Sciences in 1986. Buchanan's work initiated research on how politicians' and bureaucrats' self-interest, utility maximization, and other non-wealth-maximizing considerations affect their decision-making. He was a member of the Board of Advisors of The Independent Institute as well as of the Institute of Economic Affairs, a member of the Mont Pelerin Society (MPS) and MPS president from 1984 to 1986, a Distinguished Senior Fellow of the Cato Institute, and professor at George Mason University.
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