CRM 3305 Lecture Notes - Lecture 6: Jeremy Bentham, Bow Street Runners, Parish Constable
Document Summary
Primary purpose: grow as much as possible to enrich the sovereign, so sovereign can maintain the old mercantilist system of political economy. Policing at this time = all thing sovereign does for maintaining markets. Use sovereign power to govern market transactions so that it does as well as possible to enrich the sovereign. Markets should be allowed to run according to their own internal markets (adam smith changed his mind from a mercantilist) (adam smith) purpose: market is to reward the entrepreneur not the sovereign. Begin to see markets as serving systems. Parish constable system their nation through consensus science. Merchants paying a lot of taxes to crown, crown getting more information on. Begin to understand average wage want to maximize the growth of markets. Police responsible to the central government not individual lords. No longer reliable people running the perishable system anymore. Crime beings to flourish because a lot of anonymity.