Corpus ID: 154421819

Institutions and Economic Growth in Historical Perspective: Part 2

  title={Institutions and Economic Growth in Historical Perspective: Part 2},
  author={S. Ogilvie and A. W. Carus},
  journal={Political Economy - Development: Political Institutions eJournal},
  • S. Ogilvie, A. W. Carus
  • Published 2014
  • Political Science
  • Political Economy - Development: Political Institutions eJournal
  • This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically substituted for public-order ones in enabling markets to function; that parliaments representing wealth holders have not invariably been favourable for growth; and that the Glorious Revolution of 1688 did… CONTINUE READING
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