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The Formation of a Mercantilist State and the Economic Growth of the United Kingdom 1453-1815

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  • Patrick Karl O'Brien

Abstract

New institutional economics lacks a theory of state formation which could help us to deal with the mega question of why some states became more efficient than others at establishing and sustaining institutions. Some kind of middle range theory could be formulated based upon historical case studies. This paper considers the case of Britain and as its title suggests degrades the myth of the United Kingdom as the paradigm example of liberalism and laisser faire.

Suggested Citation

  • Patrick Karl O'Brien, 2006. "The Formation of a Mercantilist State and the Economic Growth of the United Kingdom 1453-1815," WIDER Working Paper Series RP2006-75, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2006-75
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