Liberty in Peril: Democracy and Power in American History

Randall G. Holcombe

Sep 2019 · Independent Institute

About this ebook

When the United States was born in the revolutionary acts of 1776, Americans viewed the role of government as the protector of their individual rights. Thus, the fundamental principle underlying the new American government was liberty. Over time, the ideology of political "democracy"—the idea that the role of government is to carry out the "will of the people," as revealed through majority rule—has displaced the ethics of liberty. This displacement has eroded individual rights systematically and that history is examined in Liberty in Peril by Randall Holcombe in language accessible to anyone.

The Founders intended to design a government that would preclude tyranny and protect those individual rights, and the Bill of Rights was a clear statement of those rights. They well understood that the most serious threat to human rights and liberty is government. So, the Constitution clearly outlined a limited scope for government and set forth a form of governance that would preserve individual rights.

The federal government's activities during two world wars and the Great Depression greatly increased government's involvement in people's lives. By the time of Lyndon Johnson's "Great Society," the depletion of rights and the growth of the activities of political democracy was complete. By the end of the 20th Century the fundamental principle underlying the U.S. government was now political power and not liberty. Public policy was oriented toward fulfilling the majority rule with the subsequent increase in government power and scope.

Holcombe argues that economic and political systems are not separate entities but are intimately intertwined. The result is a set of tensions between democracy, liberty, a market economy, and the institutions of a free society. All those interested in the evolution of American government, including historians, political scientists, economists, and legal experts, will find this book compelling and informative.

About the author

Randall G. Holcombe is the DeVoe Moore Professor of Economics at Florida State University, and a Research Fellow at the Independent Institute, past President of the Public Choice Society, and past President of the Society for the Development of Austrian Economics. He is also Senior Fellow at the James Madison Institute.

Dr. Holcombe is the author of twelve books, a contributing author to forty volumes and the author of more than 100 articles in professional journals. Among his books are The Economic Foundations of Government, Public Policy and the Quality of Life, Smarter Growth (ed. with S. Staley), From Liberty to Democracy, Writing Off Ideas, Public Sector Economics, Public Finance and the Political Process, and Entrepreneurship and Economic Progress. His primary areas of research are public finance and the economic analysis of public policy issues.

He received his Ph.D. in economics from Virginia Polytechnic Institute and State University, and he has taught at Texas A&M University and Auburn University.