Randall Holcombe Archive

Randall G. Holcombe is Research Fellow at The Independent Institute, DeVoe Moore Professor of Economics at Florida State University, past President of the Public Choice Society, and past President of the Society for the Development of Austrian Economics.
Full Biography and Recent Publications

Elizabeth Warren on the Economic Consequences of the Obama Administration



Elizabeth Warren, recently appointed to a Democratic leadership position in the Senate, explained her priorities: “Wall Street ... is doing very well, CEOs are bringing in millions more and families all across the country are struggling,” she said. “We have to make this government work for the American people. And that’s what I will...
Read More »

Saudi Arabia Pressures Russia



One remarkable aspect in the recent fall in global oil prices is that Saudi Arabia has not cut production to prop them up. Much of the speculation about why the Saudis have sat by passively and allowed the oil price decline has been that they are trying to undermine higher-cost producers in the US...
Read More »

Lesson from the Election: People Want Less Government



The lesson I draw from the Republican victories in the 2014 election is that people want less government. Since 2009 the number of Democratic Senators fell from 58 to 45, the number of democratic House members fell from 256 to 192, and the number of Democratic governors fell from 28 to 18. I’m not...
Read More »

Gordon Tullock (1922-2014)



Gordon Tullock, one of the founders of the sub-discipline of public choice, passed away November 3, at the age of 92. Public choice uses the methods of economics to analyze political decision-making, and Tullock’s book, co-authored with James Buchanan, The Calculus of Consent, was a pioneering work in public choice. It is the best-known...
Read More »

Election on Tuesday: Who’s Running?



I’ve commented before on all the political spam I’m receiving in my email, most of it from the Democratic party (dccc@dccc.org). In many of their pleadings, they claim they are running against the Koch Brothers. (I like how they capitalize both their name and the B in Brothers.) And who’s running against the Koch...
Read More »

Obama Appointee Supports Individual Rights



I’ve been critical of the Obama administration in the past, so it’s nice to find something positive to say. This article says that President Obama’s new acting head of the Justice Department’s Civil Rights Division, Vanita Gupta, “supports decriminalizing cocaine, heroin, LSD, methamphetamine, ecstasy and all dangerous drugs, including marijuana.” It’s nice to see...
Read More »

Florida’s Very Interesting Race for Governor



In November, Floridians will see three names on the ballot for Governor: incumbent Governor Rick Scott, the Republican; former Governor Charlie Crist, the Democrat; and Libertarian candidate Adrian Wyllie. Incumbent Rick Scott is probably the least interesting of the candidates. A former hospital CEO, he won in 2010 spending mostly his own money ($70...
Read More »

Public Schools and Government Schools



Earlier this year, I was saddened by the passing of Stanley Marshall, founder of the James Madison Institute, an organization that promotes individual freedom in Florida. Stan was president of Florida State University from 1969-1976, and went into private business before founding the James Madison Institute in 1987. I have worked with the Institute...
Read More »

Jameis Winston . . . Again?



If you’re even a little bit of a sports fan, you probably know that Florida State University’s quarterback, Jameis Winston, has been suspended from the first half of the FSU-Clemson game for standing on a table in the student union and shouting out obscenities. As good as he’s been on the field, Jameis has...
Read More »

Long-Term Unemployment Benefits Expire; Long-Term Unemployment Falls



The unemployment rate has fallen from 6.7% at the end of 2013 to 6.1% in August 2014. That decline is primarily the result of the expiration of long-term unemployment benefits. Unemployment compensation usually expires at the end of 26 weeks of unemployment, but during the last recession Congress extended that period, and many states...
Read More »