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Economic Development, Property Rights, and War

Two empirical studies in the current issue of the Cato Journal offer especially worthwhile reads.

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

In another article, John Tures finds evidence that economic liberalization reduces (but doesn’t eliminate) conflict among nations.