Institutional Adaptability and Economic Development: The Property Rights Revolution in Britain, 1700 to 1830
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.
|Date of creation:||Jan 2008|
|Date of revision:|
|Note:||DAE LE POL|
|Contact details of provider:|| Postal: |
Web page: http://www.nber.org
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Joel Mokyr, 2005. "The Great Synergy: The European Enlightenment as a Factor in Modern Economic Growth," 2005 Meeting Papers 179, Society for Economic Dynamics.
When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:13757. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.