Shomron Center for Economic Policy Research

In Search for an efficient Institutions

Don’t touch private person and his property for 200 years


The best ever prescription of economic prosperity for Government: forget about discretionary arrests and property rights breaches for 200 years: How Democracy Could Cause Economic Growth: The Last 200 Years (November 6, 2014). Available at SSRN:

Political competition and independent court  («…But above all, that equal and impartial administration of justice which renders the rights of the meanest British subject respectable to the greatest, and which, by securing to every man the fruits of his own industry, gives the greatest and most effectual encouragement to every sort of industry») prevent Government from Private Persons rights and property breaches. Secured private property opens window of opportunities for long run economic growth.

So, the concept of property rights must include the protection of the individual in their focus on private property rights protection, alone, respected in various forms of government, are insufficient; what matters is the security of individuals from arbitrary arrest, regardless of type of regime. Discretionary rights of rulers or democratic governments to arrest citizens undermines the protection of private property rights and other attributes classically given to democratic foundations of economic growth, for example, free press, freedom of the exercise of religious belief.


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