British naval dominance during the age of sail

> Compensation: In addition to huge prizes—capturing a merchant vessel could make a captain wealthy for life—there was a wage system where officers were oversupplied and naval officers that weren’t at sea were kept at half pay. The unemployment pool that resulted from this efficiency wage made it easier to discipline officers by moving them back to the captains list. (Allen argues that a fixed-wage system would have led to adverse selection since captains on half pay weren’t permanently employees of the navy but would reject commissions that weren’t remunerative.)

I reread this three times and I can’t make heads or tails of what it’s supposed to mean. There is an oversupply of officers. They are kept at half pay. This affords opportunities to discipline officers. This is presumably because there are others willing to take his place, but all that is referenced is a captain’s list. Is this the list of officers on half-pay?

I genuinely can’t even understand the argument being made in brackets.

I may have some of the terminology wrong (but I think they are also using it sloppily?) but that's the basic idea yeah. The "captains list" is the officers eligible to be posted in the role of captain of a ship, which is not quite the same as the rank of captain.

Officers with the actual rank of captain would normally be permanently posted to a ship's command, and only large, prominent, or prestigious warships were captained by captain-rank officers. So it was highly desirable to at least attain that rank. You could get there by achievement on a temporary command which is part of why they were so sought after. Or simply through politics and patronage: the naval officer corps being intimately tied up with both the waning aristocratic and emerging modern nation-state systems.

Officers on the lists were necessarily "gentlemen" in a technical legal-social sense, and were mostly free to pursue their social, family and business interests when not posted to a command. Depending on their resources and connections outside the navy, they could have quite excellent alternatives to a command that was unlikely to make them much money. Or, like younger sons of small or declining holdings would take anything they could get.

Anyway this is what I remember from all the external reading I did trying to make sense of the politics of command in the aubrey-maturin books which is I think the normal way to learn it these days.