POLS 3125 Lecture Notes - Lecture 27: Free Banking, Corporate Law, Path Dependence

• School: York University
• Department: Political Science
• Course: POLS 3125
• Professor: Glenn Goshulak

Document Summary

The political economic development of the us and canada. Hartz-horowitz thesis of canadian political culture: hartz. Fragment thesis: canadian political culture contained fragments of our european heritage. Warlike and sense of superiority (cid:858)i(cid:374)itial co(cid:374)ditio(cid:374)s(cid:859) a(cid:374)d path depe(cid:374)de(cid:374)cy. Initial conditions of each society lead to a ki(cid:374)d of path depe(cid:374)de(cid:374)(cid:272)y: (cid:862)a te(cid:374)de(cid:374)(cid:272)y fo(cid:396) the (cid:272)o(cid:374)se(cid:395)ue(cid:374)(cid:272)es of i(cid:374)itial so(cid:272)ial (cid:272)hoi(cid:272)es to li(cid:373)it the (cid:396)a(cid:374)ge of (cid:272)hoi(cid:272)es availa(cid:271)le i(cid:374) the futu(cid:396)e(cid:863) (cid:894)79(cid:895) American colonies: inherited decentralized authority (cid:858)de fa(cid:272)to(cid:859) fede(cid:396)alis(cid:373) of britain means two things. National and local governments important and distinct sources of political authority. Fosters growth in two ways limited ability for the national government to regulate the domestic economy: prevents state from responding to established economic interests, new france. Local government willing to take on new burdens. Increased pressures and expenses for defence lead to more centralized control. Other (cid:373)ajor factors of (cid:858)i(cid:374)itial co(cid:374)ditio(cid:374)(cid:859: common law, protestantism. New france: settlement much slower and limited.