Economic Development in the Americas Since 1500: Endowments and Institutions

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Cambridge University Press, 2012 - Business & Economics - 417 pages
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This book brings together a number of previously published articles by Stanley L. Engerman and Kenneth L. Sokoloff. Its essays deal with differences in the rates of economic growth in Latin American and mainland North America, specifically the United States and Canada. It demonstrates how relative differences in growth over time are related to differences in the institutions that developed in different economies. This variation is driven by differences in major institutions - suffrage, education, tax policy, land and immigration policy, and banking and financial organizations. These factors, in turn, are all related to differences in endowments, climate, and natural resources. Providing a comprehensive treatment of its topic, the essays have been revised to reflect new developments and research.
 

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Contents

Introduction
1
An Overview
9
2 Factor Endowments and Institutions with Stephen Haber
31
3 The Role of Institutions in Shaping Factor Endowments
57
4 The Evolution of Suffrage Institutions
94
5 The Evolution of Schooling 18001925 with Elisa V Mariscal
121
6 Inequality and the Evolution of Taxation Sokoloff with Eric M Zolt
168
7 Land and Immigration Policies
212
8 Politics and Banking Systems by Stephen Haber
245
9 Five Hundred Years of European Colonization
295
10 Institutional and NonInstitutional Explanations of Economic Development
315
Institutions in Political and Economic Development
341
Bibliography
361
Prior Publications
401
Index
403
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About the author (2012)

Stanley L. Engerman is John H. Munro Professor of Economics and Professor of History at the University of Rochester. He is the author of Slavery, Emancipation, and Freedom: Comparative Perspectives (2007), Naval Blockades in Peace and War (with Lance Davis, 2007) and Finance, Intermediaries, and Economic Development (with Philip T. Hoffman, Kenneth L. Sokoloff and Jean-Laurent Rosenthal, Cambridge University Press, 2003). He is a co-editor of the three-volume Cambridge Economic History of the United States (with Robert E. Gallman) and The Cambridge World History of Slavery (with Keith Bradley, Paul Cartledge and David Eltis).

Kenneth L. Sokoloff (1952-2007) was a Professor in the Department of Economics at the University of California, Los Angeles. Among his many publications, he co-authored Human Capital and Institutions: A Long-Run View (with David Eltis and Frank D. Lewis, Cambridge University Press, 2009) and Finance, Intermediaries, and Economic Development (with Stanley L. Engerman, Philip T. Hoffman and Jean-Laurent Rosenthal, Cambridge University Press, 2003).