Institutional Law and Economics: The Legal-Economic Nexus

 In this set of pages, Veblen continues his exploration of the transformation of various cultural and religious practices as the handicraft era of industry continues to evolve.  Veblen notes that the religious move is towards autonomy and more focus on the individual self and more in line with a protestant view as opposed to a catholic view of christianity. Another major movement that occurred during the handicraft era according to Veblen in political history and thought was the creation of nation states. Veblen sees the handicraft era as supplying the necessary means for large states to exist and for warmaking to be feasible on a large scale. Veblen is at pains to note that handicraft workers did not wish to subject themselves to the coercion of the nation state but rather this was a side effect of the price system and its principle of self-help.  Why? In essence according to Veblen, princes of states could buy from a larger catchment era the needs for war and could even borrow using