Nuno Palma - Justices of the Peace: Legal Foundations of the Industrial Revolution
| Termin |
Donnerstag, 1. Juni 2023, 16.15 - 17.30 Uhr |
|---|---|
| Veranstaltungsart | Workshop/Seminar |
| Reihe | Forschungsseminar "Economic History, Growth & Development" |
| Einrichtung | Wirtschaftswissenschaftlicher Bereich |
| Veranstalter | Lehrstuhl Prof. Börner |
| Veranstaltungsort | Raum 122 |
| Straße | Gr. Steinstraße 73 |
| PLZ/Ort | 06108 Halle |
Beschreibung
Prof. Nuno Palma, PhD (University of Manchester) - Justices of the Peace: Legal Foundations of the Industrial Revolution
Abstract:
We study how legal capacity influenced economic development prior to and during the Industrial Revolution. The monarchy relied on local magistrates, known as Justices of the Peace (JPs), to enforce property rights and administer market regulation. We document that counties with more JPs in 1700 experienced more economic growth over the following 140 years, and regions most associated with the Industrial Revolution were among those with the most JPs. We provide evidence concerning the mechanism and channels at play.