Institutions, property and, and economic growth: Back to the passage from the Ancien Régime to liberalism in Portugal
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1 janvier 2012
- handle: 10670/1.rktjn4
info:eu-repo/semantics/openAccess
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Ownership of property Right of private ownership of property Private property, Right of Right of property--Law and legislation Right of private property Private ownership of property, Right of Right to property Property, Right of Property rights Property--Law and legislation Liberal egalitarianism Economic growth Growth, Economic Development, EconomicCiter ce document
Luciano Amaral, « Institutions, property and, and economic growth: Back to the passage from the Ancien Régime to liberalism in Portugal », Análise Social, ID : 10670/1.rktjn4
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The liberal revolution was the biggest institutional breaking point in Portuguese history. It created the modern state and modern private property. This change was particularly complex in Portugal due to the peculiar nature of the countrys Ancien Régime. The aristocracy was excessively dependent on service to the Crown, thus keeping it as an un-entrepreneurial class, and leading to the underdevelopment of property rights. The nineteenth century was, thus, mostly a period of transition, where the difficulties in destroying the old organization and creating a new one were daunting. But once it was done the Portuguese economy started showing relatively robust signs of growth.