Randall G. Holcombe
Encyclopedia
Randall Gregory Holcombe (born 1950) is an American economist
, the DeVoe Moore Professor of Economics at Florida State University
. He argued that private defense agencies
could form cartels and oppress people without fear of competition.
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
, the DeVoe Moore Professor of Economics at Florida State University
Florida State University
The Florida State University is a space-grant and sea-grant public university located in Tallahassee, Florida, United States. It is a comprehensive doctoral research university with medical programs and significant research activity as determined by the Carnegie Foundation...
. He argued that private defense agencies
Private defense agency
A private defense agency is a conceptualized agency that provides personal protection and military defense services voluntarily through the free market. A PDA is not a private contractor of the state and is not subsidised in any way through taxation or immunities, nor does it rely on conscription...
could form cartels and oppress people without fear of competition.