By Stephen Deng
This book posits that cash and their (especially literary) representations have been inextricably sure with a number of key components for English kingdom formation in the interval. After surveying a variety of definitions and histories of the “state” in the first bankruptcy, this booklet identifies 5 significant dimensions of kingdom formation which correspond to the 5 chapters of the ebook: centralized institutional advancements; the bounds and quantity of nation and monarchical authority in accordance with customized, cause and average legislation; the advance and enlargement of a felony framework, particularly statute legislation, for ethical law and upholding of country prerogatives; the political theology of nation obtrusive specifically within the aura of kingship; and the territorial limitations of kingdom authority, together with their influence on intra-state family members. many of the chapters marry a component of coinage and a literary textual content (or set of texts) to 1 of the major components in English kingdom formation.
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Extra info for Coinage and State Formation in Early Modern English Literature
Modern paper money has value only because the state says it does, and a dollar is convertible only to another dollar. A case could be made that while still on the gold standard, Europe and the United States permitted the intrinsic value theory of money to persist. That is, the monetary instrument remained connected to the value of gold because it could theoretically redeem gold. Only when economies left the gold standard did intrinsic value theory become meaningless; paper could then redeem only more paper.
Com - licensed to Universitetsbiblioteket i Tromso - PalgraveConnect - 2011-04-02 28 Dimensions of State Form ation 29 Nevertheless, the open and contingent quality of state formation pertains within each of the dimensions, which I now discuss in more detail. G. R. Elton’s influential, albeit controversial thesis of a “Tudor Revolution” during the reign of Henry VIII provoked a range of scholarship focusing on the development of institutions within English state formation. 22 His timeframe seems to align with the etymology of the term.
Moreover, it fostered the idea that the king’s stamp and the personal loyalty it inspired somehow transcended the material value of the coin. However, the strategies and motivations of the mystical and financial economies in which the coins circulated were often at odds. In Macbeth, the financial economy is represented by a system of tribute and reward between Duncan and Macbeth as well as by the material “sinews of war” that Macbeth attempts to use to maintain power, especially by hiring mercenaries and establishing a system of paid spies.