POLSC 135 1st Edition Lecture 15 Outline of Last Lecture Homework Revisited Outline of Current Lecture Guest Speaker the State Current Lecture I II III IV V Guest Speaker Essential message was to stay current connected and informed In the field of international relations understanding other cultures norms and societies is something that is absolutely necessary What do states do War Making Eliminating or neutralizing their own rivals outside the territories in which they have clear and continuous priority as wielders of force State making Eliminating or neutralizing their rivals inside those territories Protection Eliminating or neutralizing the enemies of their clients or supporters Extraction Acquiring the means of carrying out the first three activities taxation Limits to State Predation Don t want to tax too much because this inhibits investment To benefit from voluntary compliance Regulate their predatory instincts by compromise to reduce the costs of conducting business and by taking a smaller portion of a larger pie Obviously not all states were successful in limiting their predation in this way and as a result the character and consequences of rule exhibited quite a variety across early modern Europe ex England democracy vs France autocracy State of Nature Again Can cooperation occur in the state of nature without the state We saw that refrain was not possible in the state of nature in a one shot game But what if the players repeatedly interacted with each other Discount rate Discount factor tells us the rate at which future benefits are discounted compared with today s benefits Essentially it tells us how much people care about the future Discount rate is bounded that is 0 discount rate 1 End Lecture These notes represent a detailed interpretation of the professor s lecture It is best used as a supplement to your own notes not as a substitute
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