Property Rights and Growth

North and Thomas argue that the establishment and enforcement of property rights has been a major cause of economic growth. A person who has property rights over a particular resource has the right to control it and use it as he pleases. Property rights are determined in part by law and in part by social conventions…

The Enlightenment in Britain and France

The Enlightenment marked a change in the way that humans understood themselves. Before the Enlightenment, they were bit players under God’s direction; after the Enlightenment, they stood at center stage…

The Scientific Revolution, the Enlightenment, and the Industrial Revolution

The Industrial Revolution was influenced by both the Scientific Revolution and the Enlightenment…

The Nineteenth-Century Rules for Growth

Over the course of the Industrial Revolution, Britain became an industrial superpower. Other countries had to find policies that would allow them to develop their industry despite Britain’s enormous first-mover advantage. These policies necessarily involved protectionist trade policies and government intervention…