Catalogue


The fountain of privilege [electronic resource] : political foundations of markets in Old Regime France and England /
Hilton L. Root.
imprint
Berkeley : University of California Press, c1994.
description
xv, 280 p. ; 24 cm.
ISBN
0520084152 (alk. paper)
format(s)
Book
More Details
imprint
Berkeley : University of California Press, c1994.
isbn
0520084152 (alk. paper)
restrictions
Licensed for access by U. of T. users.
catalogue key
7924658
 
Includes bibliographical references (p. 247-270) and index.
A Look Inside
Excerpts
Flap Copy
"Political economy comes of age in this book. [It] practices what has so far merely been advocated, the melding of history, economics, and political science. . . . A masterpiece of social science."--Donald N. McCloskey, author ofSecond Thoughts
Flap Copy
"Political economy comes of age in this book. [It] practices what has so far merely been advocated, the melding of history, economics, and political science. . . . A masterpiece of social science."--Donald N. McCloskey, author of Second Thoughts
Full Text Reviews
Appeared in Choice on 1995-05:
Root's comparative history of Old Regime France and England traces "two rival paths to economic and political modernization" based on the "allocation of rights to participate in the market system." The author contrasts political arrangements in determining economic outcomes in Whig England, with its strong Parliament and firm reliance on law, with France from Louis XIV to the Revolution, where royal absolutism and personal rule dominated. Although corruption was rife in the distribution of economic favors in England, French cronyism, through which privileges emanated from royal whim, was ultimately more stultifying. Root's focus is more sharply drawn on France, where he makes a convincing argument for institutional sclerosis of political markets as fear of arbitrary confiscation of fiscal privileges, checked entrepreneurialism, and social mobility. In contrast, England's liberation of market forces produced enough flexibility to avoid popular revolution. Root takes on the likes of Georges Lefebvre, George Rud'e, and Charles Tilly while following the bold theories of Douglass North. The result is a fascinating hypothesis--couched in often turgid prose--that needs more detailed study. Upper-division undergraduates and above. J. E. Brink; Texas Tech University
Reviews
This item was reviewed in:
Choice, May 1995
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Summaries
Long Description
Hilton Root's new book applies contemporary economic and political theory to answer long-standing historical questions about modernization. It contrasts political stability in Georgian England with the collapse of the Old Regime in France. Why did a century of economic expansion rupture France's political foundations while leaving those of Britain intact? Comparing the political and financial institutions of the two states, Root argues that the French monarchy's tight control of markets created unresolvable social conflicts whereas England's broader power base permitted the wider distribution of economic favors, resulting in more flexible and efficient markets.
Table of Contents
Acknowledgments
Introduction: Speaking across Paradigms
Theoretical and Historical Backgroundp. 1
The Market for Property Rightsp. 3
Rivals in Modernization: Creating National Communities in France and Englandp. 14
The Redistributive Role of the Statep. 21
The Less Privilegedp. 59
Interpreting Peasant Revolutionsp. 61
The More Privilegedp. 79
The Political Economy of Collective Violence: What Did the "Moral Economy" of Pre-Revolutionary Europe Cost?p. 81
Rent Seeking and Trade Regulationp. 113
The Rise and Decline of English Mercantilism in Comparative Perspectivep. 140
The Very Privilegedp. 161
Tying the King's Hands: Credible Commitments and Royal Fiscal Policy under the Old Regimep. 163
The Fiscal Origins of Democratic Revolutionp. 179
Hypotheses and Conclusionsp. 211
Modernization, Revolution, and the Statep. 213
Caveat Emptor: Markets and Historyp. 241
Works Citedp. 247
Indexp. 271
Table of Contents provided by Blackwell. All Rights Reserved.

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