Law and economic development in England: new evidence from acts of Parliament, 1510-1850

Dan Bogart and Gary Richardson

No 6018, Working Papers from Economic History Society

Abstract: "During the eighteenth century Parliament passed increasing numbers of acts affecting property rights. The Acts enabled individuals to sell, mortgage, lease, and improve land previously bound by legal legacies; they granted rights to organizations, such as turnpikes, improvement commissioners, and canal companies, which supplied local public goods; and they replaced open or common rights with private property rights in agricultural land. Parliamentary legislation in these areas increased to such an extent that acts changing property rights became one of the main activities of Parliament during the years leading up to the Industrial Revolution. This essay documents these trends and discusses their likely effects on the economy"

JEL-codes: N00 (search for similar items in EconPapers)
Date: 2006-04
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