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Making Property Productive: Reorganizing Rights to Real and Equitable Estates in Britain, 1660 to 1830

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  • Dan Bogart
  • Gary Richardson

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 reveals correlations between estate acts, urbanization, and economic development during the decades surrounding the Industrial Revolution.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 14107.

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Date of creation: Jun 2008
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Publication status: published as 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(01), pages 3-30, April.
Handle: RePEc:nbr:nberwo:14107

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  1. Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer & Robert W. Vishny, 1997. "Legal Determinants of External Finance," NBER Working Papers 5879, National Bureau of Economic Research, Inc.
  2. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 1999. "The Quality of Government," Journal of Law, Economics and Organization, Oxford University Press, vol. 15(1), pages 222-79, April.
  3. Coase, R H, 1974. "The Lighthouse in Economics," Journal of Law and Economics, University of Chicago Press, vol. 17(2), pages 357-76, October.
  4. Thompson, F. M. L. (ed.), 1994. "Landowners, Capitalists, and Entrepreneurs: Essays for Sir John Habakkuk," OUP Catalogue, Oxford University Press, number 9780198283010.
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Cited by:
  1. Johnson, Noel D & Koyama, Mark, 2011. "Taxes, lawyers, and the decline of witch trials in France," MPRA Paper 34266, University Library of Munich, Germany.
  2. Dan Bogart & Gary Richardson, 2008. "Estate Acts, 1600 to 1830: A New Source for British History," NBER Working Papers 14393, National Bureau of Economic Research, Inc.

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