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Making property productive: reorganizing rights to real and equitable estates in Britain, 1660–1830

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  • BOGART, DAN
  • RICHARDSON, GARY

Abstract

Between 1660 and 1830, Parliament passed thousands of Acts restructuring rights to real and equitable estates. These estate Acts enabled individuals and families to sell, mortgage, lease, exchange and improve land previously bound by inheritance rules and other legal legacies. The loosening of these legal constraints facilitated the reallocation of land and resources towards higher-value uses. Data reveal correlations between estate Acts, urbanization and economic development during the decades surrounding the Industrial Revolution.

Suggested Citation

  • Bogart, Dan & Richardson, Gary, 2009. "Making property productive: reorganizing rights to real and equitable estates in Britain, 1660–1830," European Review of Economic History, Cambridge University Press, vol. 13(1), pages 3-30, April.
    • Handle: RePEc:cup:ereveh:v:13:y:2009:i:01:p:3-30_00
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    1. Deng, Hanzhi, 2021. "The merit of misfortune: Taiping Rebellion and the rise of indirect taxation in modern China, 1850s-1900s," LSE Research Online Documents on Economics 108564, London School of Economics and Political Science, LSE Library.
    2. Benito Arruñada, 2017. "How to Make Land Titling more Rational," Working Papers 983, Barcelona School of Economics.
    3. Theresa Finley & Raphaël Franck & Noel D. Johnson, 2021. "The Effects of Land Redistribution: Evidence from the French Revolution," Journal of Law and Economics, University of Chicago Press, vol. 64(2), pages 233-267.
    4. Johnson, Noel D. & Koyama, Mark, 2017. "States and economic growth: Capacity and constraints," Explorations in Economic History, Elsevier, vol. 64(C), pages 1-20.
    5. Mark Koyama, 2013. "Preindustrial Cliometrics," Economic Affairs, Wiley Blackwell, vol. 33(2), pages 268-278, June.
    6. Gary D. Libecap & Dean Lueck & Trevor O'Grady, 2011. "Large-Scale Institutional Changes: Land Demarcation in the British Empire," Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages 295-327.
    7. Christian Dippel & Dustin Frye & Bryan Leonard, 2020. "Property Rights without Transfer Rights: A Study of Indian Land Allotment," NBER Working Papers 27479, National Bureau of Economic Research, Inc.
    8. Noel D. Johnson & Mark Koyama, 2014. "Taxes, Lawyers, and the Decline of Witch Trials in France," Journal of Law and Economics, University of Chicago Press, vol. 57(1), pages 77-112.
    9. Cai,Yongyang & Selod,Harris & Steinbuks,Jevgenijs, 2015. "Urbanization and property rights," Policy Research Working Paper Series 7486, The World Bank.
    10. António Henriques & Nuno Palma, 2023. "Comparative European Institutions and the Little Divergence, 1385–1800," Journal of Economic Growth, Springer, vol. 28(2), pages 259-294, June.
    11. Gary D. Libecap & Dean Lueck & Trevor O'Grady, 2010. "Large Scale Institutional Changes: Land Demarcation Within the British Empire," NBER Working Papers 15820, National Bureau of Economic Research, Inc.
    12. Deng, Hanzhi, 2021. "The merit of misfortune: Taiping Rebellion and the rise of indirect taxation in modern China, 1850s-1900s," Economic History Working Papers 108564, London School of Economics and Political Science, Department of Economic History.
    13. Aribah Aslam & Amjad Naveed & Ghulam Shabbir, 2021. "Is it an institution, digital or social inclusion that matters for inclusive growth? A panel data analysis," Quality & Quantity: International Journal of Methodology, Springer, vol. 55(1), pages 333-355, February.
    14. Cai, Yongyang & Selod, Harris & Steinbuks, Jevgenijs, 2018. "Urbanization and land property rights," Regional Science and Urban Economics, Elsevier, vol. 70(C), pages 246-257.
    15. Shruti Rajagopalan & Alex Tabarrok, 2021. "Simple rules for the developing world," European Journal of Law and Economics, Springer, vol. 52(2), pages 341-362, December.
    16. Vlad Tarko, 2015. "The challenge of empirically assessing the effects of constitutions," Journal of Economic Methodology, Taylor & Francis Journals, vol. 22(1), pages 46-76, March.
    17. Timur Kuran & Jared Rubin, 2014. "The Financial Power of the Powerless: Socio-Economic Status and Interest Rates under Partial Rule of Law," Working Papers 14-22, Chapman University, Economic Science Institute.
    18. Touré, Nouhoum, 2021. "Culture, institutions and the industrialization process," Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 481-503.
    19. Ogilvie, Sheilagh & Carus, A.W., 2014. "Institutions and Economic Growth in Historical Perspective," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 403-513, Elsevier.

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