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Razorbacks, ticky cows, and the closing of the Georgia Open Range: The dynamics of institutional change uncovered

Kantor, Shawn Everett (1991) Razorbacks, ticky cows, and the closing of the Georgia Open Range: The dynamics of institutional change uncovered. Journal of Economic History, 51 (4). pp. 861-886. ISSN 0022-0507. https://resolver.caltech.edu/CaltechAUTHORS:20171108-165400625

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Abstract

This article attempts to explain why the adoption of potentially productive institutions is delayed and why inefficient ones persist by exploring the dynamics of institutional change in a particular historical case-the closing of the Georgia open range in the late nineteenth century. A closed range policy would have generated net benefits for specific regions of Georgia, but distributional conflicts, coupled with high transaction costs, made a voluntary agreement to do that unattainable. The article describes the Georgia legislature's important role in facilitating the adoption of a policy that led to more rapid agricultural development in the postbellum period.


Item Type:Article
Related URLs:
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http://www.jstor.org/stable/2123396JSTORArticle
http://resolver.caltech.edu/CaltechAUTHORS:20170901-142302529Related ItemWorking Paper
Additional Information:© 1991 The Economic History Association. I gratefully acknowledge financial support from the Alfred P. Sloan Foundation, the John Randolph Haynes and Dora Haynes Foundation, the Anna and James McDonnell Memorial Scholarship Fund, and the Division of the Humanities and Social Sciences at the California Institute of Technology. Lance Davis, Price Fishback, Avner Greif, Phil Hoffman, J. Morgan Kousser, John Ledyard, Gary Libecap, Roger Ransom, Paul Rhode, and Jean-Laurent Rosenthal have been particularly generous with the provision of comments and criticisms during my work on this article. Naturally, I am to blame for any of the shortcomings herein. Formerly SSWP 723
Funders:
Funding AgencyGrant Number
Alfred P. Sloan FoundationUNSPECIFIED
John Randolph Haynes and Dora Haynes FoundationUNSPECIFIED
Anna and James McDonnell Memorial Scholarship FundUNSPECIFIED
Caltech Division of Humanities and Social SciencesUNSPECIFIED
Subject Keywords:Fences, Tenants, Election laws, Crops, Pastures, Agricultural land, Voting, Electoral districts, Workforce, Landowners
Issue or Number:4
Record Number:CaltechAUTHORS:20171108-165400625
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20171108-165400625
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:83097
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:16 Nov 2017 00:11
Last Modified:03 Oct 2019 19:02

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