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Unformatted text preview: ource: Morris, Ian (2004) “Economic Growth in Ancient Greece,” Journal of Institutional
And Theoretical Economics, 160, 709-742. Houses got Bigger Source: Morris, Ian (2004) “Economic Growth in Ancient Greece,” Journal of
Institutional and Theoretical Economics, 160, 709-742. The Rise of Britain
This pattern of ‘ and decline’was …nally broken by Britain starting
in the late 18th century by the onset of the industrial revolution.
Though in many ways what happened was qualitatively similar to
what had happened earlier, say in Ancient Greece, it was
quantitatively much bigger and coincided with technological
innovations never seen before.
The economic rise of Britain was preceded by a dramatic change in
its’political institutions as emphasized by everyone from Karl Marx to
North and Weingast in their seminal paper (1989) “Constitutions and
Commitment: Evolution of Institutions Governing Public Choice in
17th Century England.” We can measure this by ‘
constraints on the
executive’as measured by the Polity IV dataset and constructed by
Acemoglu, Johnson and Robinson for early modern Euro...
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This document was uploaded on 02/28/2014 for the course ECON 2328 at Harvard.
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