This paper is an attempt to contribute to the literature on the relationship between economic development and democratic institutions. The paper focuses on civil liberties and interprets them in a framework in which there is no dividing line drawn between “civil” and “property” rights....

Introduction -- A Study of the System of Capital from the Property Rights System and Its Evolution -- A Comparative Study of Marxist TPR and Modern TPR -- Institution, Institutional Change, and Economic Growth -- Property Rights Structure, Corporate Governance Structure and Its Issues in China...