Property Rights and Parliament in Industrializing Britain
AbstractDuring Britain’s industrialization, Parliament operated a forum where rights to land and resources could be reorganized. This venue enabled landholders and communities to exploit 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 demand for such acts. Tests with placebo groups confirm the robustness of this result. This evidence indicates that Parliament responded elastically to changes in the public’s demand for reorganizing property rights. Parliament’s efforts to adapt property rights to modern economic conditions may have accelerated Britain’s economic ascent
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 15697.
Date of creation: Jan 2010
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Other versions of this item:
- Dan Bogart & Gary Richardson, 2011. "Property Rights and Parliament in Industrializing Britain," Journal of Law and Economics, University of Chicago Press, vol. 54(2), pages 241 - 274.
- K0 - Law and Economics - - General
- K11 - Law and Economics - - Basic Areas of Law - - - Property Law
- K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
- L9 - Industrial Organization - - Industry Studies: Transportation and Utilities
- N33 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Europe: Pre-1913
- N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
- N53 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: Pre-1913
- N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
- N9 - Economic History - - Regional and Urban History
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- O2 - Economic Development, Technological Change, and Growth - - Development Planning and Policy
- O25 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- P1 - Economic Systems - - Capitalist Systems
- P14 - Economic Systems - - Capitalist Systems - - - Property Rights
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
- P17 - Economic Systems - - Capitalist Systems - - - Performance and Prospects
- P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy
- P48 - Economic Systems - - Other Economic Systems - - - Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
- R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
- R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - Government Policy; Regulatory Policy
- R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Systems
- R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-02-20 (All new papers)
- NEP-HIS-2010-02-20 (Business, Economic & Financial History)
- NEP-LAW-2010-02-20 (Law & Economics)
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