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Marketing Sovereign Promises: Monopoly Brokerage and the Growth of the English State
TLDR
Cox argues that states grew only if they addressed a central credibility problem afflicting the Ancien Regime - that rulers were legally entitled to spend public revenue however they deemed fit as mentioned in this paper.Abstract:
How did England, once a minor regional power, become a global hegemon between 1689 and 1815? Why, over the same period, did she become the world's first industrial nation? Gary W. Cox addresses these questions in Marketing Sovereign Promises. The book examines two central issues: the origins of the great taxing power of the modern state and how that power is made compatible with economic growth. Part I considers England's rise after the revolution of 1689, highlighting the establishment of annual budgets with shutdown reversions. This core reform effected a great increase in per capita tax extraction. Part II investigates the regional and global spread of British budgeting ideas. Cox argues that states grew only if they addressed a central credibility problem afflicting the Ancien Regime - that rulers were legally entitled to spend public revenue however they deemed fit.read more
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The Puzzle of Cooperation in International Debt, from Reputation and International Cooperation: Sovereign Debt across Three Centuries
TL;DR: The author examines the relationship between reputation and cooperation in the context of international debt and finds that reputations and cooperation under Anarchy are driven by different underlying mechanisms, namely debt and reputation.
Journal ArticleDOI
States and economic growth: Capacity and constraints☆
Noel D. Johnson,Mark Koyama +1 more
TL;DR: In this paper, the authors argue that the study of economic history provides vital insights into the process through which modern states have acquired "state capacity" and evaluate the process of state building across a range of different countries in Europe and Asia.
Book
A land of liberty? England 1689-1727
TL;DR: The political world of William III and his War of Words and the Battle of the Books can be found in the Chronology of the English Revolution and the Glorious Revolution as mentioned in this paper.
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1688 and All That: Property Rights, the Glorious Revolution and the Rise of British Capitalism
TL;DR: In a seminal 1989 article, Douglass North and Barry Weingast argued that by making the monarch more answerable to Parliament, the Glorious Revolution of 1688 helped to secure property rights in England and stimulate the rise of capitalism.
Book
Legislative Development in Africa: Politics and Postcolonial Legacies
TL;DR: Ochieng' Opalo as discussed by the authors examines the colonial origins of African legislatures, as well as how post-colonization intra-elite politics structured the processes of adapting inherited colonial legislatures to local political contexts and therefore continued legislative development.
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What to do (and not to do) with time-series cross-section data
Nathaniel Beck,Jonathan N. Katz +1 more
TL;DR: The generalized least squares approach of Parks produces standard errors that lead to extreme overconfidence, often underestimating variability by 50% or more, and a new method is offered that is both easier to implement and produces accurate standard errors.
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A Rational Theory of the Size of Government
Allan H Meltzer,Scott F. Richard +1 more
TL;DR: In a general equilibrium model of a labor economy, the size of government, measured by the share of income redistributed, is determined by majority rule as mentioned in this paper, where voters rationally anticipate the disincentive effects of taxation on the labor-leisure choices of their fellow citizens and take the effect into account when voting.
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Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England
TL;DR: In this article, the authors study the evolution of the constitutional arrangements in seventeenth-century England following the Glorious Revolution of 1688 and argue that the new institutions allowed the government to commit credibly to upholding property rights.
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A Theory of Competition Among Pressure Groups for Political Influence
TL;DR: In this article, the authors present a theory of competition among pressure groups for political influence, based on the efficiency of each group in producing pressure, the effect of additional pressure on their influence, the number of persons in different groups, and the deadweight cost of taxes and subsidies.
Book
The Logic of Political Survival
Bruce Bueno de Mesquita,Alastair Smith,Randolph M. Siverson,James D. Morrow,James D. Morrow,James D. Morrow +5 more
TL;DR: In this paper, the authors construct a provocative theory on the selection of leaders and present specific formal models from which their central claims can be deduced, showing how political leaders allocate resources and how institutions for selecting leaders create incentives for leaders to pursue good and bad public policy.