Feudalism in America

In my previous post, I discussed the fact that regulation was slowing the redevelopment of land in California. A recent paper by Leander Heldring, James A. Robinson, and Sebastian Vollmer (HRV) entitled “The Long-Run Impact of the Dissolution of the English Monasteries” examines a related issue.  They find that in areas where religious monasteries were broken … Continue reading Feudalism in America