Economic Regulation and the Colonial Economy: The Maryland Tobacco Inspection Act of 1747
研究了1747年马里兰殖民地通过烟草检查法案后，烟草质量提升、价格上升、出口增加，同时交易成本下降并加速经济多元化。
In 1747 the colony of Maryland enacted a law to improve the general quality of tobacco exports. Tobacco prices rose significantly after the law went into effect, while total tobacco exports continued to increase. The widespread use of tobacco as money, coupled with the exchange of inspection notes for tobacco at inspection sites, led to changes in the Maryland money supply due to the law. Transaction costs fell as a result of marketing all Maryland tobacco through inspection warehouses. The law also appears to have accelerated the trend toward diversification of the economy.