New Institutions for New Nations
本文分析1775至1826年间新世界革命对制度模式的影响，探讨适合经济和政治发展的制度体系，揭示政治控制变化如何导致不同的经济增长与政治稳定结果。
The impact of institutions and their influence on property rights have been a central interest in Ronald Coase’s long career, and his work has had a major impact on the study of economics and economic history. This paper will examine the importance of the set of appropriate institutions required for economic and political development by analyzing the effects of several New World revolutions between 1775 and 1826. The resulting changes in political control gave rise to quite different patterns of institutions and thus of economic growth and political stability.