9. Nightwatchman states

  • The idea of “laissez-faire.”
  • The state and economic efficiency.
  • Historical development of the state in Great Britain. The New Poor Laws and the Corn Laws debate.
  • Historical development of the state in the United States. Freedom and mercantilism.

Required readings:

  • Adam Smith, [1776], “Of Restraint upon the Important from Foreign Countries of Such Goods as Can Be Produced at Home,” in his An Inquiry into the Nature and Causes of the Wealth of Nations (Indianapolis: Liberty Fund, 1981) pp. 452-72.
  • E. J. Hobsbawm, “Government and Economy,” in his Industry and Empire: From 1759 to the Present Day (Harmondsworth: Penguin, 1969) pp. 225-48.
  • Linda Weiss, “The Myth of the Neoliberal State.” In Developmental Politics in Transition, edited by Chang Kyung-Sup, Ben Fine, and Linda Weiss. London: Palgrave Macmillan, 2012.

Additional readings:

  • Nozick, Robert. Anarchy, State, And Utopia. New York: Basic Books, 1974.
  • Noel Thompson, “Economic Thought.” In A Companion to Nineteenth-Century Britain, edited by Chris Williams (ed.). Wiley-Blackwell, 2004.
  • Blaug, Mark. “The Myth of the Old Poor Law and the Making of the New.” The Journal of Economic History 23, no. 2 (1963): 151–84.
  • Polanyi, Karl. The Great Transformation: The Political and Economic Origins of Our Time. 2nd ed. Beacon Press, 2001.
  • Steven M. Suranovic, ‘The Ricardian Model of Comparative Advantage,’ from his International Trade Theory & Policy, 1997-2001

Seminar notes: