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Sovereignty

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Power and Money
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Abstract

The economist is interested only in specialized aspects of sovereignty. He is interested in jurisdiction, only insofar as different laws, regulations, or policies may affect economic factors in one country or another. Whether the country adheres to the three-mile, the five-mile or the two hundred-mile limit is significant for a few questions, such as fishing rights in the Humboldt current off Peru. How far a country’s sovereignty extends in airspace is academic compared with the problem of getting communication and other satellites into the air, or getting a satellite down if it violates a country’s airspace.

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For Further Reading

  • R. G. Hawtrey, Economic Aspects of Sovereignty (2nd ed., London: Longmans, Green, 1952).

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  • Bela Balassa, The Theory of Economic Integration (Home-wood, Ill.: Richard D. Irwin, 1961).

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  • Ernst B. Haas, The Uniting of Europe, Political, Social and Economic Forces, 1950–1957 (Stan-ford: Stanford University Press, 1958).

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  • Albert Breton, “The Economics of Nationalism,” Journal of Political Economy, LXXII (August, 1964), 376–386

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  • Harry G. Johnson, especially H. G. Johnson, ed., Nationalism in Old and New States (Chicago: University of Chicago Press, 1967).

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© 1970 Basic Books, Inc.

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Kindleberger, C.P. (1970). Sovereignty. In: Power and Money. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15398-5_3

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