economic policy they enforced was one of chaos. They
ravaged the countrysides taking whatever they felt they
needed or wanted without any regard as to what would be left
over for the next time they came through. As these "roving
bandits" progressed they realized that if they were to
settle in one area they could easily increase their profits.
"The gigantic increase in output that normally arises from
the provision of a peaceful order and other public goods
gives the stationary bandit a far larger take than he could
obtain without providing government." (Ibid). The formation
of governments and political institutions by "roving
bandits" led to great economic policy changes.
No longer playing the role of bandits these newly
formed governments ditched their policy of taking what ever
they could get their hands on and replaced it with a system
of taking as much as they could without economically
destroying their subjects. With the use of political
...