Download or read book Public Finance and the Political Process written by Randall G. Holcombe and published by Carbondale : Southern Illinois University Press. This book was released on 1983 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Holcombe presents theoretical models, melds theory and empirical work, and jux­taposes economics and political science. Fur­ther, he provides insights into such concepts as agenda control, points out the advantages of incumbency, explains government as a natural monopoly, establishes an updating of the social contract, and examines the virtues of common law in contrast to statutory law. In his final chapters, Holcombe provides a foundation upon which the preceding chap­ters are logically built. From his analysis, it appears that there is an approximate corre­spondence between voter preferences and political outcomes, as depicted by a median voter model, but that for many reasons re­source allocation through the public sector is considerably less efficient than through the private sector.