By Jean-Laurent Rosenthal
Within the culmination of Revolution Jean-Laurent Rosenthal investigates valuable concerns in French fiscal heritage: to what volume did associations carry again agricultural improvement less than the outdated Regime, and did reforms conducted throughout the French Revolution considerably increase the constitution of estate rights in agriculture? either questions were the topic of a lot debate. Historians have touched on those concerns in a few neighborhood reports, but and so they were extra interested by neighborhood clash than with fiscal improvement. Economists commonly have researched the functionality of the French financial system with out paying a lot cognizance to the effect of associations on particular components of the financial system. This booklet makes an attempt to make use of the easiest of either techniques: it specializes in vast questions of financial switch, but it really is in keeping with specified archival investigations into the effect of estate rights on water regulate.
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Additional resources for The Fruits of Revolution: Property Rights, Litigation and French Agriculture, 1700-1860 (Political Economy of Institutions and Decisions)
This complex system of entitlements extended through most sectors of the Old Regime economy. Privileges were granted by the king to individuals, groups, or corporations most frequently in exchange for ready cash. These grants gave their holders specific rights such as tax exemptions, production and sale monopolies, or even judicial positions. 41 In the long run, maintaining privileges would have reduced national output by increasing distortions in the economy and thus would have led to a lower tax base.
The best example of the bluntness of army intervention comes from the late seventeenth century. The policies of Louis XIV against Protestants led to revolt in the Cevennes (a region in south central France). The army's subsequent intervention led to the complete destruction of the local economy. That occurred to a large extent when the state attempted to reform the judicial system in the 1770s. See Mousnier (1979, Vol. 2, 6 4 5 - 5 3 ) . See Bloch (1929) and Hoffman ( 1 9 8 8 , 2 4 1 - 6 4 ) for the two chronological extremes of this literature.
He focuses on network externalities. For the purpose of this chapter, it suffices to recognize that either source of path dependence produces the same result: Changing the basic institutions is extremely costly. Thus, basic change will occur only under extreme circumstances. It should be acknowledged that, if rent seeking leads to inefficient institutional change in the traditional political models, the same can occur in a path-dependent process. Rent-seeking individuals may seek a systemic change because of the likelihood that they will benefit from the redistribution that follows.
The Fruits of Revolution: Property Rights, Litigation and French Agriculture, 1700-1860 (Political Economy of Institutions and Decisions) by Jean-Laurent Rosenthal