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Books > History > History of specific subjects > Economic history
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Marketing Sovereign Promises - Monopoly Brokerage and the Growth of the English State (Hardcover)
Loot Price: R2,426
Discovery Miles 24 260
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Marketing Sovereign Promises - Monopoly Brokerage and the Growth of the English State (Hardcover)
Series: Political Economy of Institutions and Decisions
Expected to ship within 12 - 17 working days
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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.
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