The Estate System as Market Failure

Eric L. Jones
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Eric L. Jones: La Trobe University

Chapter Chapter 9 in Landed Estates and Rural Inequality in English History, 2018, pp 107-123 from Palgrave Macmillan

Abstract: Abstract The continuity of the estate system dates from the Restoration, even from the Interregnum, when earlier arrangements were confirmed. The relevant circumstances are rehearsed. Social stability was created and enforced: a better term might be social stagnation. Numerous instances are supplied of the poverty at the base of the system and the steep social hierarchy and economic stasis that rested on it. The negative implications of the continued sole ownership of very large blocks of land are discussed with respect to their derivation from the system’s prolonged history and their remarkable adaptability. Although typically discussed in terms of shorter periods, the landownership saga is conceived here as a single narrative.

Keywords: Contemporary estates; Economic stasis; Historical continuity; Rural poverty; Maintenance of social stability (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-319-74869-6_9

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DOI: 10.1007/978-3-319-74869-6_9

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