HIST 253 Lecture Notes - Lecture 1: Gordon Tullock, Wall Street, Daron Acemoğlu
Document Summary
Military budgets might consume 25% of gdp: today: rich states devote just 1 to 4% to the military. Several poor and middle income nations spend 25%: rich countries have been transformed from warfare to welfare states. Until then just assumed even with french revolution and declarations, inequality of wealth was assumed as natural state. Today in parts of world homosexuality now the target, punishable by prison or death. In canada spend 10x as much compared to dawn of the century: what(cid:859)s (cid:271)ehi(cid:374)d these figu(cid:396)es, 1900s: more expansive role of state. What do individuals owe to the greater good: simply not true: state, societ(cid:455) a(cid:374)d (cid:373)a(cid:396)ket all (cid:272)o(cid:374)(cid:374)e(cid:272)ted. Ma(cid:396)kets do(cid:374)(cid:859)t fu(cid:374)(cid:272)tio(cid:374) (cid:449)ithout (cid:271)asi(cid:272) i(cid:374)f(cid:396)ast(cid:396)u(cid:272)tu(cid:396)e (cid:272)(cid:396)eated (cid:271)(cid:455) states, if states do(cid:374)(cid:859)t set (cid:396)ule of the ga(cid:373)e a(cid:374)d poli(cid:272)e the ga(cid:373)e, (cid:373)a(cid:396)kets do(cid:374)(cid:859)t fu(cid:374)(cid:272)tio(cid:374) p(cid:396)ope(cid:396)l(cid:455). I(cid:374)di(cid:448)iduals do(cid:374)(cid:859)t (cid:272)(cid:396)eate (cid:449)ealth u(cid:374)til (cid:396)est(cid:396)ai(cid:374)ed by law codes and p(cid:396)ote(cid:272)tio(cid:374) of p(cid:396)i(cid:448)ate p(cid:396)ope(cid:396)t(cid:455) (cid:272)(cid:396)eated (cid:271)(cid:455) state.
