POLA02H3 Lecture Notes - Lecture 10: Wealth Inequality In The United States, Protestant Work Ethic, Quasi
Document Summary
Lords enjoyed political dominance in the lands they controlled. Institutions: health care, public schools, community centres, parks, ngo"s, elections. Why do they matter: facilitating collective action when people have incentives to cooperate (ex: focal points, creating opportunities for people to channel their grievances. More likely for people to voice rather than exit: making interaction more likely to be iterated, e(cid:374)forci(cid:374)g a(cid:374)d (cid:373)o(cid:374)itori(cid:374)g cooperatio(cid:374) (cid:449)he(cid:374) people do(cid:374)"t ha(cid:448)e i(cid:374)ce(cid:374)ti(cid:448)es to cooperate, dissuading principal-agent problems. Three monarchs: queen of england, king of france, king of spain, ruled over countries relatively similar in wealth and health in 15th century, mo(cid:374)archs did(cid:374)"t co(cid:374)trol all of their do(cid:373)ai(cid:374)- local lords preserved much power. Riddle 1: why/ when industrialization: all societies were once agrarian, some industrialized early. Some still have not, despite diligent efforts: answer: depends on the answer to riddle 2 and 3. In ancient times most small wealth disparities was the result of differences in resources.
