The Importance of Institutions as a Factor of Growth: John Locke
Abstract
This work analyzes the role that institutions play in the process of economic growth. We focus the study especially in England around the events surrounding the so-called Glorious Revolution. Based on the study of these events, the research examines the theoretical contributions that were made during that specific period. The analysis focuses on the ideas developed by John Locke, a firsthand observer of the political events taking place at that time, about the scope of legislative power.
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