Property Rights and Economic Growth
AbstractMy main purpose is to connect the issue of property rights to the set of questions concerning economic growth and the long-term determinants of the improvements in material well-being. To anticipate what will be my main conclusion, it is that property rights and economic growth are not separable. But that statement, by itself, is not very interesting. What is important is not my eventual conclusion but how I come to arrive at that conclusion. And I should warn you in advance that I will arrive at that conclusion via an unconventional pathway, and that our guide along that pathway - at least our initial guide - will be Karl Marx.
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Bibliographic InfoPaper provided by The Ratio Institute in its series Ratio Working Papers with number 18.
Length: 18 pages
Date of creation: 16 Jan 2003
Date of revision:
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More information through EDIRC
economic growth; property rights; entrepreneurship; institutions;
Find related papers by JEL classification:
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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