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Randall G. Holcombe

Works Published inQuarterly Journal of Austrian EconomicsThe Free MarketReview of Austrian Economics, Volumes 1-10Austrian Economics NewsletterSpeeches and PresentationsMises Daily ArticleThe Journal of Libertarian Studies

Randall G. Holcombe is an Associated Scholar of the Mises 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. He received his Ph.D. in economics from Virginia Tech, and has taught at Texas A&M University and Auburn University. Dr. Holcombe is also Senior Fellow at the James Madison Institute and was a member of the Florida Governor’s Council of Economic Advisors. His books include From Liberty to Democracy: The Transformation of American Government (2002), Producing Prosperity (2013), and Political Capitalism: How Economic and Political Power Is Made and Maintained (2018). His primary areas of research are public finance and the economic analysis of public policy issues.

All Works

Is Government Really Inevitable?

Big GovernmentFree MarketsOther Schools of ThoughtPolitical Theory

07/30/2014The Journal of Libertarian Studies
In response to my article, “Government: Unnecessary but Inevitable” (2004), Walter Block (2005) offers a detailed refutation of my argument on the inevitability of government. I want to respond to some of what Block said because I think that in his zest to show where he thinks I have erred, he has...


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Common Property in Anarcho-Capitalism

Free MarketsInterventionismOther Schools of Thought

07/30/2014The Journal of Libertarian Studies
The existence of common property in anarcho-capitalism naturally points to the interesting policy question of how this common property would be controlled and maintained. While one might speculate on the issue, this paper stops short of any hard-and-fast conclusions on this point, focusing instead...


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The Stock Market Reacts to the Fed’s Interest Rate Hike


After the Fed’s November meeting, when the Fed decided not to hike interest rates, the stock market fell, indicating the disappointment of market participants.  Because lower interest rates tend to raise asset prices, the market decline was an indication of disapproval from market participants...

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Is an Interest Rate Hike Overdue?


While I’m reluctant to attribute movements in stock prices to specific events, this article says that the big run-up in stock prices (around 1.5%) today was due to the release of the Federal Reserve’s minutes of their last meeting indicating...

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Time to Raise Interest Rates


The Fed has decided to maintain their excessively low interest policy yet again in their Open Market Committee meeting today.  Anyone who understands Austrian economics will know that the Fed's manipulation of interests at all causes a misallocation of resources and destabilizes the economy. ...

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