In order to enforce a collective choice to allocate resource to guarding against predators producers must subject themselves to the state's sovereign power to tax and to spend. But these sovereign powers in hand the state can exploit the producers by taxing and spending for its" own purposes. Using a general equilibrium model in which people can choose to be either" producers or predators, this paper rationalizes the biblical request, Make us a king. analysis shows that, if the technology of predation is sufficiently good better for everyone, including both producers and potential predators even though a king maximizes the consumption of a ruling elite.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
6289.
Length: Date of creation: Nov 1997 Date of revision: Handle: RePEc:nbr:nberwo:6289
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Find related papers by JEL classification: D60 - Microeconomics - - Welfare Economics - - - General D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
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