Angeles, L. (2011) Institutions, property rights, and economic development in historical perspective. Kyklos, 64(2), pp. 157-177. (doi: 10.1111/j.1467-6435.2011.00500.x)
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Abstract
Institutions, and more specifically private property rights, have come to be seen as a major determinant of long-run economic development. We evaluate the case for property rights as an explanatory factor of the Industrial Revolution and derive some lessons for the analysis of developing countries today. We pay particular attention to the role of property rights in the accumulation of physical capital and the production of new ideas. The evidence that we review from the economic history literature does not support the institutional thesis.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Angeles, Professor Luis |
| Authors: | Angeles, L. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | Kyklos |
| Publisher: | Wiley-Blackwell Publishing Ltd. |
| ISSN: | 0023-5962 |
| ISSN (Online): | 1467-6435 |
| Published Online: | 13 April 2011 |
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