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Marketing Sovereign Promises

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  • Cox,Gary W.

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 Régime - that rulers were legally entitled to spend public revenue however they deemed fit.

Suggested Citation

  • Cox,Gary W., 2016. "Marketing Sovereign Promises," Cambridge Books, Cambridge University Press, number 9781316506097, September.
    • Handle: RePEc:cup:cbooks:9781316506097
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    Cited by:

    1. Johnson, Noel D. & Koyama, Mark, 2017. "States and economic growth: Capacity and constraints," Explorations in Economic History, Elsevier, vol. 64(C), pages 1-20.
    2. Leonor Freire Costa & António Henriques & Nuno Palma, 2022. "Anatomy of a Premodern State," Economics Discussion Paper Series 2208, Economics, The University of Manchester.
    3. Nuno Palma & Carolyn Sissoko, 2022. "Crowding in During the Seven Years' War," Economics Discussion Paper Series 2211, Economics, The University of Manchester.
    4. Philip T. Hoffman, 2020. "The Great Divergence: Why Britain Industrialised First," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 60(2), pages 126-147, July.
    5. Per F. Andersson, 2021. "Fiscal capacity in non-democratic states: the origins and expansion of income tax," WIDER Working Paper Series wp-2021-176, World Institute for Development Economic Research (UNU-WIDER).
    6. Anne Meng, 2019. "Accessing the state: Executive constraints and credible commitment in dictatorship," Journal of Theoretical Politics, , vol. 31(4), pages 568-599, October.
    7. Grier, Robin & Young, Andrew T. & Grier, Kevin, 2022. "The causal effects of rule of law & property rights on fiscal capacity," European Journal of Political Economy, Elsevier, vol. 74(C).
    8. Dincecco, Mark & Wang, Yuhua, 2018. "Internal Conflict, Elite Action, and State Failure: Evidence from China, 1000-1911," MPRA Paper 87777, University Library of Munich, Germany.

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