Making Property Productive: Reorganizing Rights to Real and Equitable Estates in Britain, 1660 to 1830

43 Pages Posted: 22 Jun 2008 Last revised: 20 Jul 2010

See all articles by Daniel E. Bogart

Daniel E. Bogart

University of California, Irvine - Department of Economics

Gary Richardson

University of California at Irvine; National Bureau of Economic Research

Date Written: June 2008

Abstract

Between 1660 and 1830, Parliament passed thousands of acts restructuring rights to real and equitable estates. These estate acts enabled individuals and families to sell, mortgage, lease, exchange, and improve land previously bound by inheritance rules and other legal legacies. The loosening of these legal constraints facilitated the reallocation of land and resources towards higher-value uses. Data reveals correlations between estate acts, urbanization, and economic development during the decades surrounding the Industrial Revolution.

Suggested Citation

Bogart, Daniel E. and Richardson, Gary, Making Property Productive: Reorganizing Rights to Real and Equitable Estates in Britain, 1660 to 1830 (June 2008). NBER Working Paper No. w14107, Available at SSRN: https://ssrn.com/abstract=1149353

Daniel E. Bogart

University of California, Irvine - Department of Economics ( email )

3151 Social Science Plaza
Irvine, CA 92697-5100
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Gary Richardson (Contact Author)

University of California at Irvine ( email )

3151 Social Science Plaza
Irvine, CA 92697-5100
United States

HOME PAGE: http://www.socsci.uci.edu/~garyr/welcome.html

National Bureau of Economic Research ( email )

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