Property Rights and Economic Growth

Nathan Rosenberg

No 18, Ratio Working Papers from The Ratio Institute

Abstract: My main purpose is to connect the issue of property rights to the set of questions concerning economic growth and the long-term determinants of the improvements in material well-being. To anticipate what will be my main conclusion, it is that property rights and economic growth are not separable. But that statement, by itself, is not very interesting. What is important is not my eventual conclusion but how I come to arrive at that conclusion. And I should warn you in advance that I will arrive at that conclusion via an unconventional pathway, and that our guide along that pathway - at least our initial guide - will be Karl Marx.

Keywords: economic growth; property rights; entrepreneurship; institutions (search for similar items in EconPapers)
JEL-codes: D23 O40 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2003-01-16
New Economics Papers: this item is included in nep-ent
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