Property Rights and Parliament in Industrializing Britain

56 Pages Posted: 1 Feb 2010

See all articles by Daniel E. Bogart

Daniel E. Bogart

University of California, Irvine - Department of Economics

Gary Richardson

University of California at Irvine; National Bureau of Economic Research

Date Written: January 2010

Abstract

During 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

Suggested Citation

Bogart, Daniel E. and Richardson, Gary, Property Rights and Parliament in Industrializing Britain (January 2010). NBER Working Paper No. w15697, Available at SSRN: https://ssrn.com/abstract=1544747

Daniel E. Bogart (Contact Author)

University of California, Irvine - Department of Economics ( email )

3151 Social Science Plaza
Irvine, CA 92697-5100
United States

Gary Richardson

University of California at Irvine ( email )

3151 Social Science Plaza
Irvine, CA 92697-5100
United States

HOME PAGE: http://www.socsci.uci.edu/~garyr/welcome.html

National Bureau of Economic Research ( email )

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Cambridge, MA 02138
United States

HOME PAGE: http://www.nber.org

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