The figure shows the rst stage relationship between

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Unformatted text preview: ge did not di¤er in their wealth in 1640 but were s 60% more likely to support political reform (the reduced form). The Figure shows the …rst-stage relationship between Drake’ voyage s and share ownership. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis: L September 30, 2009 16 / 29 The History of Parliament One source Jha uses is the History of Parliament. This is a project started in the 1940s by the great British political historians Sir Lewis Namier, which still has not been completed. It contains what biographical and other information we have about former members of parliament. It sounds distressingly dull, but actually it is not. I can’ resist one t excerpt: “Ashley alias Cooper, Hon. Anthony (1652-1699). Ashely had John Locke, the philosopher, as his tutor and Thomas Sydenham as his medical consultant, but he seems to have derived little bene…t from either, except that Locke, in his capacity as matchmaker, provided him with a bride who bore him healthy and intelligent children. He was strong in neither mind nor body, and his character aroused general contempt.” James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis: L September 30, 2009 17 / 29 Other Evidence There is no question that the sorts of institutional changes North and Weingast discuss happened. But did this in‡uence anything important? North and Weingast emphasize several things, (1) the rates of interest lenders charged the government fell (pp. 823-4), (2) the government borrowed a lot more, (3) private …nancial markets expanded rapidly. Nobody debates that (2) and (3) are correct as facts. (1) has come under attack initially by Greg Clark. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis: L September 30, 2009 18 / 29 Source: Clark, Gregory (1996) “The Political Foundations of Modern Economic Growth: England 1540-1800,’’ Journal of Interdisciplinary History, 26, 563-588. The Stasavage Critiqu...
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This document was uploaded on 02/28/2014 for the course ECON 2328 at Harvard.

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