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1、JournalofEconomicLiteratureVol.XLII(June2004)pp.494–500OnThePoliticsofPropertyRightsbyHaber,Razo,andMaurer1R2OBERTH.BATES1.IntroductionandNoelMaurerconcludethatfrom1876—i.e.,thedateoftheascensiontoveryoneknowsthatpoliticalinstabilityisEpowerofPorfirioDiaz—to1929—theannoinimicalt
2、oeconomicgrowth.Sowhatmiserablethatboundssomuchofmodernwouldbeexpectedofacountryinwhich:economichistory—theMexicaneconomyAmilitaryinsurrectionoverthrewauthori-grew.“Ifinvestmentandoutputroseintarianrule;petroleum,manufacturing,mining,banking,Supportersoftheoldregimethenstagedand
3、agriculture,”theyargue,“theninaggre-acounterrevolution,provokingacivilwar;gatetheeconomywasgrowing”(p.15).ThefirsttwopresidentstopresideoverHoweverdiscomfiting,theirconclusionthesubsequentpeacewereassassinated,asappearsinescapable:“Thereisnonecessaryweretheirleadingmilitaryleade
4、rs;andconnectionbetweenpoliticalinstabilityandThemilitaryattemptedthreetimestoover-economicstagnation”(p.15).throwtheciviliangovernmentduringitsfirstAsrecognizedbyHaberetal.,economet-decadeinoffice.ricanalysesofcross-nationaldatahavefailedWiththoughtsturningtoCongo(Zaire),tofind
5、strongevidenceofarelationshipthisreaderwouldthink“basketcase”andbetweenpoliticalinstabilityandtherateofassumeanegligible(ornegative)rateofgrowthofincomes.Asstatedbyonestudy,growth.Andthisreaderwouldbewrong.theevidencethatinstability“causesaThecaseisMexico,1876–1929.Afterdecrease
6、inthegrowthrateofpercapitacollectingandanalyzingdataonbanking,incomeseemsmuchweakerthangenerallymanufacturing,mining,petroleum,and3believed.”Socounterintuitivearetheseagriculture,StephenHaber,ArmandoRazo,findingsthattheytendtohavebeenignored.Whileevidencefromasinglecountrycannot
7、1carryanargument,themicro-leveldatapre-StephenHaber,ArmandoRazo,andNoelMaurer.ThePoliticsofPropertyRights:PoliticalInstability,sentedbyHaberetal.suggeststhattheCredibleCommitments,andEconomicGrowthinMexico,1876-1929.Cambridge,NewYorkandMelbourne:CambridgeUniversityPress,2003.Har
8、dback,Pp.xx,382.ISBN0-521-82067–7.$75.00.3Nauro
