Politics as Exchange in the Byzantine Empire

30 Pages Posted: 16 Jul 2018

See all articles by Adam G. Martin

Adam G. Martin

Texas Tech University - Free Market Institute

James Ruhland

Texas Tech University, College of Arts and Sciences, Department of Political Science

Date Written: June 25, 2018

Abstract

Buchanan (1987) identifies Politics as Exchange as one of the key pillars of research program. Viewing politics through the lens of exchange focuses attention on what sorts of political bargains individuals and organized groups find both to their advantage and feasible. Politics as Exchange locates differences between policies in the different rules that condition and result from these bargains. This essay contrasts the Politics as Exchange approach with the recent literature on state capacity, which typically embodies a view that we dub Politics as Administration. While these two points of view are not mutually exclusive, we argue that Politics as Exchange may be more effective in explaining important changes in political economic systems. We illustrate the relationship between the two by examining the evolution of the Byzantine Empire during and after the reign of Basil II.

Keywords: Byzantium, Generality, Politics as Administration, Politics as Exchange, Public Goods, Rent-Seeking, State Capacity

JEL Classification: D72, D73, D78

Suggested Citation

Martin, Adam G. and Ruhland, James, Politics as Exchange in the Byzantine Empire (June 25, 2018). Available at SSRN: https://ssrn.com/abstract=3202524 or http://dx.doi.org/10.2139/ssrn.3202524

Adam G. Martin (Contact Author)

Texas Tech University - Free Market Institute ( email )

Box 45059
Lubbock, TX 79409-5059
United States

James Ruhland

Texas Tech University, College of Arts and Sciences, Department of Political Science ( email )

2500 Broadway
Lubbock, TX 79409
United States

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