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Thomas Duncan

Thomas Duncan

  • Assistant Professor of Economics, Radford University

Tom Duncan is an Assistant Professor in the Department of Economics at Radford University. Dr. Duncan earned his PhD in economics from George Mason University. While at George Mason, he was a Mercatus Dissertation Fellow. He has taught three units of International Economic Policy at George Mason University. His research interests include political economy, public choice, Austrian economics, institutional economics, and development economics. Tom has published his research in the Libertarian Papers and presented at the Association of Private Enterprise Educators annual conference.

Personal website

Published Research

Christopher Coyne, Thomas Duncan | Aug 2015
This paper analyzes the “revolving door” phenomena in the military sector in the US. The revolving door refers to the back-and-forth movement of personnel between the government and private sector.
Christopher Coyne, Peter Leeson, Thomas Duncan | Jul 2014
Market-provided national defense famously suffers from a free-rider problem. According to conventional wisdom, markets must therefore underprovide defense. We argue that conventional wisdom is wrong.
Christopher Coyne, Thomas Duncan | Dec 2013
How does the permanent war economy interact, and subsume, the private, non-military economy? Can the two remain at a distance while sharing resource pools? This forthcoming paper argues that they cannot.
Christopher Coyne, Thomas Duncan | Sep 2013
Led astray by Marxist and Keynesian dogma, the literature on the origins of the permanent war economy has overlooked a leading cause of the elevated levels of U.S. military spending since the end of World War II: the economic rents created by the federal government’s monopoly on national defense, and the pursuit of those rents by the labor, industry, and military lobbies. Although the permanent war economy benefits powerful special interest groups, it generates a significant negative externality by diverting resources from other, private uses.

Working Papers