Comparative Economics in Historical Perspective: Presidential Address for the 2018 Association for Comparative Economic Studies Meetings

Abstract

This paper presents evidence showing that there have been since antiquity two opposed types of institutional systems: one resembling central planning and present in ancient China, ancient Egypt, the Inca Empire and other territorial states, and another one with strong market institutions, protection of property rights present mostly in city-states not just in the Mediterranean but throughout the world. A new database documenting these diverse institutional clusters from the antiquity is described and their links analyzed.