This paper by Leonor F. Costa, António Henriques and yours truly, recently published in the European Review of Economic History (and previously referred to here), was announced at the European Hist…| Economic Growth in History
How did local legal institutions power the British Industrial Revolution? In a new working paper, available here in open access, Tim Besley, Dan Bogart, Jonathan Chapman and I show that Justices of the Peace (JPs) — magistrates acting locally — were a quiet engine behind modern economic growth. The paper is also available as a … Continue reading Justices of the Peace: Legal Foundations of the Industrial Revolution→| Economic Growth in History