A fiscal state with its Royal Navy:institutions and the industrial revolution. From: WIDER Angle | Date: December 1, 2007| Author: Karl O'Brien, Patrick | COPYRIGHT 2007 World Institute for Development Economics Research. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

'Good' institutions have become a core ingredient of most modern day explanations of economic growth and development. The recently published WIDER book on Institutional Change and Economic Development (see the previous Angle article by Ha-Joon Chang) emphasizes that what is appropriate as an institutional framework for development in one context, might not be appropriate in another. This implies that there might be important historical specificity in the relationship between instit...