Institutions, Property Rights, and Economic Development in Historical Perspective
评估产权作为工业革命解释因素的观点，并探讨对当今发展中国家的启示，重点分析产权在物质资本积累和新思想生产中的作用，但经济史证据不支持制度论。
Institutions, and more specifically private property rights, have come to be seen as a major determinant of long-run economic development. We evaluate the case for property rights as an explanatory factor of the Industrial Revolution and derive some lessons for the analysis of developing countries today. We pay particular attention to the role of property rights in the accumulation of physical capital and the production of new ideas. The evidence that we review from the economic history literature does not support the institutional thesis.