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      Rent Preservation and the Persistence of Underdevelopment

      American Economic Journal: Macroeconomics
      American Economic Association

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          Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England

          The article studies the evolution of the constitutional arrangements in seventeenth-century England following the Glorious Revolution of 1688. It focuses on the relationship between institutions and the behavior of the government and interprets the institutional changes on the basis of the goals of the winners—secure property rights, protection of their wealth, and the elimination of confiscatory government. We argue that the new institutions allowed the government to commit credibly to upholding property rights. Their success was remarkable, as the evidence from capital markets shows.
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            Distributive Politics and Economic Growth

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              The great reversals: the politics of financial development in the twentieth century

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                Author and article information

                Journal
                American Economic Journal: Macroeconomics
                American Economic Journal: Macroeconomics
                American Economic Association
                1945-7707
                1945-7715
                January 2009
                January 2009
                : 1
                : 1
                : 178-218
                Article
                10.1257/mac.1.1.178
                e230a272-1477-4261-ba03-8ef95705af72
                © 2009
                History

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