GINS 1010 Lecture Notes - Lecture 2: Terra Nullius, Profit Maximization, Sovereign State
16 Nov 2016
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Document Summary
Think of the state as a modern experiment. Presumption of maximization of benefits, decision making based on power, maximization of interests, regulations are irrelevant. Can be beneficial, regulations/international law can be helpful, helps reduce transaction cost of decision making (beneficial for state interest), lust of power, finding out what is beneficial. Doing what is best for them, power, control of capital, expansion of profit, greater profit maximization. Similar to conceptual approach, recognition that law and politics are founded on unequal relationships, what matters is equality, changing the system to value equality, changing the norms can change the way the world is configured. A state is the means of rule over a defined or sovereign territory. It is comprised of various branches - usually an executive, a bureaucracy, courts and other institutions. But, above all, a state levies taxes and operates a military and police force. A fundamental consideration is the concept of effectiveness of control over a territory and people.
