Introduction -- Part I The Concept of Political Capacity -- Relative Political Capacity: Political Extraction and Political Reach -- Theoretical Link of Political Capacity to Development -- Part II Economic Applications -- Political Capacity and Economic Determinants of Inflation -- Political Capacity and the Use of Seigniorage -- Political Capacity and Private Investment -- Political Capacity and Economic Growth -- Political Capacity, Macroeconomic Factors, and Capital Flows -- Political Capacity and Black Market Premiums -- Part III Political Applications -- Political Capacity and Government Resource Transfers -- Political Capacity and Demographic Change -- Political Capacity and Violence -- Political Capacity, Growth, and Distributive Commitments -- Part IV Extending Political Capacity -- Political Capacity and the Economic Frontier -- New Estimates of Political Capacity -- Alternative Approaches to Estimating Political Capacity -- The Unfinished Agenda