April 24, 2004

Property rights -- the ultimate source of growth. "The late Bernard Heitger looked at data from different countries from 1975-1995. He found that:
compared with the more traditional determinants of economic growth -- such as physical and human capital accumulation and the growth rate of the working-age population -- the impact of property rights is quite remarkable.... [I]t seems reasonable to classify property rights among the ultimate sources of economic growth ..
MORE -- "Economic Development, Property Rights, and War". Posted by Greg Ransom