Marketing Sovereign Promises : Monopoly Brokerage and the Growth of the English State
by
Gary W. Cox
Book Details
Format
Hardback or Cased Book
Book Series
Political Economy of Institutions and Decisions
ISBN-10
1107140625
ISBN-13
9781107140622
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
May 9th, 2016
Print length
175 Pages
Weight
460 grams
Dimensions
23.50 x 15.70 x 1.80 cms
Product Classification:
British & Irish historyConstitution: government & the stateEconomic history
Ksh 17,800.00
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Democracies extract more tax revenue per capita than autocracies. This book addresses the origins of taxation, examining how it can be made compatible with political liberty and economic growth. This study speaks to readers of political economy of development and comparative institutions, and historians of state formation in Europe.
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 Régime - that rulers were legally entitled to spend public revenue however they deemed fit.
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