287 | Jean-Paul Faguet on Institutions and the Legacy of History

2826.724 - 2847.704 Jean-Paul Faguet

Exactly. So these institutions, another parenthesis, that when we talk in political economy or public economics about the state, the state in the sense that we know it today really only comes about in the 20th century in most of the world. It has its origins in the 19th century. in Europe and North America. But in the rest of the world, the state is doing almost nothing, like the national state.