The power of entrepreneurship -- The power of institutions: economic regimes and the permanent renewal of capitalism -- The power of ideas and inventions -- Pioneering companies -- From the rise of industrial cities to post-industrial suburbanization -- Bubbles, great depressions: economic cycles

This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically...

This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically...