States make markets as much as markets determine states

Evidence

Indeed, gaining control of the state by the merchant class was a defining feature of early capitalism. With the partial exceptions of the United Kingdom and the United States (the former because it was first to make the transition to capitalism and the latter because it was geographically isolated), from Germany in the 1870s to China today, states make markets as much as markets determine the fate of states. — Mark Blyth, Austerity, 266

Categorization

• XREF: Echoes the co-constitution of state and market emphasized in the addedum article on trees as infrastructure, and general political-economy literature. — connects to: Legal prohibitions create supervised illegal markets the state profits from — Michel Foucault, Discipline & Punish- The Birth of the…, 429; Finance requires the state to regulate markets and police its own excesses — Max Haiven, Cultures of Financialization, 504; Market economies require deliberate political construction, not natural emergence — Nick Couldry & Ulises A. Mejias, The Costs of Connection: How Data Is…, 364 (+4 more)

Broader Connections

• Market economies require deliberate political construction, not natural emergence #corroborates (0.95) — Nick Couldry & Ulises A. Mejias, The Costs of Connection, 364
• Legal prohibitions create supervised illegal markets the state profits from #exemplifies (0.90) — Michel Foucault, Discipline & Punish- The Birth of the…, 429
• Finance requires the state to regulate markets and police its own excesses #expands (0.75) — Max Haiven, Cultures of Financialization, 504