that private-order institutions have not historically substituted for public-order ones in enabling markets to function …This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …

that private-order institutions have not historically substituted for public-order ones in enabling markets to function …This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …

institutions, natural resource rents cease to have a negative impact on long-term growth. Institutions in resource-based economies … rights, and control of corruption; and when government effectiveness, regulatory quality, and political stability are …

This chapter surveys the historical evidence on the role of institutions in economic growth and points out weaknesses … in a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not … historically substituted for public-order ones in enabling markets to function; that parliaments representing wealth holders have …