Politics as Exchange: An Analysis of the Political Marketplace

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ID: 287890
2025
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Abstract
Political institutions have been depicted by academics as a marketplace where citizens transact with each other to accomplish collective ends difficult to accomplish otherwise. This depiction supports a romantic notion of democracy in which democratic governments are accountable to their citizens, and act in their best interests. In Politics as Exchange, Randall Holcombe explains why this view of democracy is too optimistic. He argues that while there is a political marketplace in which public policy is made, access to the political marketplace is limited to an elite few. A small group of well-connected individuals-legislators, lobbyists, agency heads, and others-negotiate to produce public policies with which the masses must comply. Examining the political transactions that determine policy, Holcombe discusses how political institutions, citizen mobility, and competition can limit the ability of elites to abuse their power.
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persistent_1761420032_68fd230060d06 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Randall G. Holcombe
Journal ADVANCES IN ARCHAEOLOGICAL PRACTICE
Year 2025
DOI
10.1017/9781009693967
URL
https://www.cambridge.org/core/books/politics-as-exchange/C1685D92B0448A75546751793002D894
Keywords Keywords not found

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