Institutional adaptability and economic development
the property rights revolution in Britain, 1700 to 1830
by Gary Richardson
"Adaptable property-rights institutions, we argue, foster economic development. The British example illustrates this point. Around 1700, Parliament established a forum where rights to land and resources could be reorganized. This venue enabled landholders and communities to take advantage of economic opportunities that could not be accommodated by the inflexible rights regime inherited from the past. In this essay, historical evidence, archival data, and statistical analysis demonstrate that Parliament increased the number of acts reorganizing property rights in response to increases in the public's demand for such acts. This evidence corroborates a cornerstone of our hypothesis"--National Bureau of Economic Research web site.
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Institutional adaptability and economic development: the property rights revolution in Britain, 1700 to 1830
2008, National Bureau of Economic Research
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in English
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Title from PDF file as viewed on 6/12/2008.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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