Bücher von Randall G. Holcombe

There are two ways people coordinate their actions: through cooperation, exercised by economic power, and through control, exercised by political power.

Economists use models in their analysis and research, as some small aspects of the world can be effectively represented in this way. This book explains the way in which models are used in economics, and makes specific methodological recommendations.

During recessions state government fiscal crises are widespread, as states find their revenues inadequate to meet their expenditure demands.

This volume shows how the virtues of the market system, private property, and freedom of exchange can be applied to enhance the quality of life. It examines the general principles that guide both market and government allocation of resources, and specific policy issues.