Institutional prerequisites for the current economic growth

This work gives a review of the history of how a number of institutions emerged in developed countries. The authors attempt to analyse a connection between this process and the current economic growth phenomenon. The authors believe that stremgthenning guarantees of personal immunity provided for private property immunity and development of such a mechanism of decision making, which on a certain stage weakened the repressive powers of the state making it an instrument for protecting property rights and not the main proprietor and entrepreneur.