The Solution to Douglass. C. North’s Puzzle Concerning China’s Household Responsibility System Summary of JOIE article (15 October 2021) by Simon Deakin and Gaofeng Meng, Centre for Business Research, University of Cambridge, Cambridge, UK. The full article is available on the JOIE website. The dominant theory of property in economics views property rights as individualised and…
Tag: property rights
Financial Institutions and the British Industrial Revolution: Did Financial underdevelopment hold back Growth?
Summary of JOIE article (17(3), June 2021) by Geoffrey M. Hodgson, Institute for International Management, Loughborough University London. The complete article is available on the JOIE website. This is a summary of an article that addresses the role of financial institutions in empowering the British Industrial Revolution. Prominent economic historians have argued that investment was largely…
Article Summary: “1688 and All That: Property Rights, the Glorious Revolution and the Rise of British Capitalism”, Geoffrey Hodgson
Summary of JOIE article “1688 and All That: Property Rights, the Glorious Revolution and the Rise of British Capitalism”, Journal of Institutional Economics, 13(1), March, pp. 79-107, by Geoffrey Hodgson (Hertfordshire Business School, University of Hertfordshire). The article is open access and available on the JOIE website. Sometime after 1700, GDP per capita began to…