Making Property Productive: Reorganizing Rights to Real and Equitable Estates in Britain, 1660 to 1830

Dan Bogart and Gary Richardson

No 14107, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Between 1660 and 1830, Parliament passed thousands of acts restructuring rights to real and equitable estates. These estate acts enabled individuals and families to sell, mortgage, lease, exchange, and improve land previously bound by inheritance rules and other legal legacies. The loosening of these legal constraints facilitated the reallocation of land and resources towards higher-value uses. Data reveals correlations between estate acts, urbanization, and economic development during the decades surrounding the Industrial Revolution.

JEL-codes: D02 D61 D63 D86 K0 K11 N0 N43 N93 O12 P48 R12 R14 (search for similar items in EconPapers)
Date: 2008-06
New Economics Papers: this item is included in nep-his, nep-law and nep-ure
Note: DAE LE POL
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Citations: View citations in EconPapers (5)

Published as Bogart, Dan & Richardson, Gary, 2009. "Making property productive: reorganizing rights to real and equitable estates in Britain, 1660?1830," European Review of Economic History, Cambridge University Press, vol. 13(01), pages 3-30, April.

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Journal Article: Making property productive: reorganizing rights to real and equitable estates in Britain, 1660–1830 (2009)
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