POLS 3270 Study Guide - Quiz Guide: State Ownership, Unequal Exchange, Comparative Advantage
28 Dec 2017
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The establishment of modern state is the coordination of gun (monopoly of violence), lawyer (property rights and political obligation), money (revenue extraction) and god (national myth). Internally: kings move barriers to the movement of goods to reduce the resources controlled by nobles. Internal development: coordination of kings, nobles and merchants. Nobles: mobilized people with immobile surplus, seize surplus by coercion or custom, lack luxuries, contradiction of monetized economy: use money to buy luxuries; inflation of money may devalue their rent extracted from peasants. Inland merchants: trade luxuries: long-distance trade: daily necessities, overlap with the other two actors, with kings, monetization of economy: kings link inland microeconomies and merchants link coastal economies, avoid external threat, with merchants: avoid kings too powerful. Intersection of the three actors: kings and nobles: states constitutions, property right and sovereignty, kings and merchants: public debt (merchants provide funds, kings provide protection, merchants and nobles: lawyer, different kings: absolute sovereignty.
