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American Economic Review 101 (December 2011): 32863307http://www.aeaweb.org/articles.php?doi=10.1257/aer.101.7.3286
3286
I w xp y F
R Ep, p w Gy, q
, xy p q w. A 1792
F p y Ep .
T F p y q w
x ; y p , -
, qy w, p. T - p
y
. F xp, w
xy p ky
p w F R f
.1 I , w , y ,
k w p w Ep
y w y
p w (M O 1982;A 2008).2
1F Hyk(1960) y ( w j y ), ppp pf (.., D Bkwz, K P, J-F R 2003; Bkwz, P, R 2003; D Rk 2007). R L P . (1998)pz f w F .
2T x w ancienrgime p p w w F R py Ep p p. T q FR p p y, w y p .
The Consequences of Radical Reform:
The French Revolution
By Daron Acemoglu, Davide Cantoni,
Simon Johnson, and James A. Robinson*
* A: Dp E, M I Ty, 50 M D, C,MA 02139, CIFAR(-: @.); C: S W, Lw-Mx-U, Lw. 33/IV 80539 M Gy (-: [email protected].);J: S S M, MIT, 50 M D, C, MA 02139 (-: j@.); R: Dp G IQSS, H Uy, 1737 C S., C,MA 02138, NBER CIFAR (-: j@..). W k J D, R Dx,N F, T G, P H, Pp H, J Mky, S O, W R,J V, J W, P W, pp A E A, ISy Nw I E, V Spk , - A N, CIFAR, H, M, P S E, USC, Y . Lp F, C G-J, Tk H, J Hpp, M Kpp p
x . T w , p p://www.w./.pp?=10.1257/.101.7.3286.
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3287ACEMOGLU ET AL.: CONSEQUENCES OF RADICAL REFORMVOL. 101 NO. 7
W q F R
w p G p q
Ry W. P Gy, py w w, w
, y y F , , w
w . W f - p
w f F , F p (y), pxy ppy, z . T p. I, y w f-
y w z
y.3
W G p
-
p. W w w
F ( ). U p f ,w - , w z
q w. T pp w- y
w. F, w x p
, z. S,
p yp F wk
y p p p Gy. O,
w p y F -
q. O y, y p
w y p .
Cy f y, p Gy choose F
, w imposed f y R
y Np.4 M, xp y F
p w w p. I, w j .T f w , py p A P
( B) p pp y . T w -, F xp y ,
F .5 I y ,
pp F R w
z p , y y j yp
j y p y, y, y
p pw.6 T, f ppx, w k
3T wk pp y (A . 2009) p -, Ep-w
w p xp f F .4I , w J ( ) p y F ,
p py j w w py F. S, xp, W Dy (1989, p 9).
5T y G D : L F q p , q z, R, O, Ap. L, f pq (p N C, Jy 31, 1793; q Ty C. W.B 1983, p. 2).
6I ky F w z p w pfy w. I , ky y p w w w ( J Mky2003). T xp x. By 1800 B w - py (.., p) y . Tx p p y R, w, F
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3288 THE AMERICAN ECONOMIC REVIEW DECEMBER 2011
p F R x -
p .
T z w. S I p w
y F R q Ep y
F. S II . S III p -
w F p pxy p, z, G p. S IV
-
p w F p -
. S V , w
App.
I. Historical Overview
A.Europe beore the Revolution
B F R, Ep w y w k
: y - y -
p.7 By y, -
pp y p Ep,
y p. S
E Ep ( J B 1978), w p y x w ,
w q x
k.8 F xp, R, f Gy
F , (Grundherrschat), w y
, w p (B 1983). M, y y y q p - . T p w qy xp x,
w j p w , jy x
p .
T y w pp p z.
A j p w y , fy y
p y p w
p. S xp p p-
y H K (1989), S O (2004), Ek L (2009).I j R, C A, p w
x (p w) w fy y
R pfy y w p . Ny, py p y F p w otherreasons.
7T w w Dy (1989), R R. P (1959), P (1964), G R(1988), B (1983), B (1986), B (1996), D G (1997), Ax G (2003), CJ. E (1996), E (2001), Gy E (2003).
8S E Ep p p y, p wk w w w w p Gyw E .
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3289ACEMOGLU ET AL.: CONSEQUENCES OF RADICAL REFORMVOL. 101 NO. 7
.9 I , y w y w y
, w xp p w w
y .
B. The Revolution and its Eect on Europe
T f w w y F j Ep pw
- W F C k 1792. Cy
y xp, w Rp w -
y w. F w xp w y
w w w Rp -
P A. T F qky z p-y B,
N, -y Swz. By 1795, F
f R ( k R); 1802 w fyp F.
A Np k, F p p wy
Ep. I Gy, w y
R, Np
F . T P L (Fy 1801) z Hy R Ep. H
p , p w
k, pp, ; y,
k w 40 (G 2003). M xpP w 1806 C R.
A , Np p z w
Gy . T Dy B
k R w M 1806 ( y --w JM), K Wp ( y J) A 1807, G Dy Fk Fy 1810 (Np p, E B, w pp ). T w y F p- p w Np R. D p
Np k p N Gy, D 1810
x F p Lw Sxy ( p K H) H H, Lk, B.
C.Institutional Changes
My Ep w Gy w k F y
. W p F R 1790
, py p
y pp (, .., B 1983;Dy 1989), p y R q. M fy, w 1795 1798
9D w, pp fy , xp, .., y Sp R. Ep (1998).O , O (2007).
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3290 THE AMERICAN ECONOMIC REVIEW DECEMBER 2011
w (B 1983), p wy y k. Eqy p w . F xp, F
A 1794 w w w
R (Jy D 1980), w w py p y w.
A Np w Ep k y , yw y, p y
y ( G 2003; Ow Cy 1965; J. S W 1991).Np w p (CodeNapolon) - p (My Ly 1994). K pz p (1989, p. 212): W y w qy CodeNapolon, R
( k) w y p-- wk, y y w yy -
z y. T R w y-
p w w . S w y-
y G k, K
Wp, G Dy B.
I p, Np y F p,
py w p w .
N, p w p p
y R. T
. F, Np py w
y p y .
S, k , w F. Fy,
p , p,
qy w x Np q.
A f p Np 1815 p
p 25 y . I R, w p
w P q C V, w
y p F , -
. P w p
F ( H A. L. F 1903). T p w y w ky . I p,
w y pw, H, Bwk,
H-K, w k. A q
w y ancien rgime pp pw. I y S IV w pfy
y x py.
II. Data
A. Outcome Variables
W 19 py p Gy, w p
p -y Gy, p
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3291ACEMOGLU ET AL.: CONSEQUENCES OF RADICAL REFORMVOL. 101 NO. 7
(P, B). O ppy p z , f pp
w 5,000 . P B (1988, . 1) J V(1984) y w py pp wk pp pp. A, J,
R (2002) p - -- w z p p
w z.
Uz py G p p
y z B, J B, P C (1988), pp .
D Appx B.
Uz 1850 p-
G Ep. I z, w
p py 64 G y
1849, 1882, 1895, 1907 ( H Fk 1994). T py- y pxy z
k w p w z w
z.
B. Other Variables
O f y w 1792 1815
py q w F p. W y w
F p pp-
y p F ; w x y p
y , xp P. T 1 19 p , y . T
x p z p
F (.., p xp ), - wk yp. N, w- q
y w p y x
w F .
W x Gy, w p
F p --
- y. H ( Appx D ) w k
p. W F , - . W p x
pk , w
y y,
x , z ( w y C ). T 1 p Gy, p- y f p.
C 2 w w p w
qy w. T F (CodeNapolon) y, Sx 1863 G
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(BrgerlichesGesetzbuch) 1900.10 T w w1802 1810 y F. N B w
, F 1810.
T w w x : f,
3, ( y , w p y 1800
p Gy w E) , 4, p - ,
Grundherrschat. I , w w p-
y p ppy p (y, 2025 py ). F 3 4, wp k -
. A , pp p w
P C V y (P
10O w z - qy w, P AllgemeinesLandrecht 1795 B CodexMaximilianeus 1756; Appx E.
Table 1Territories and Reforms
T
Y
F
C
A
A
A
R
1850
R
1900
P.
w
(1750)(1) (2) (3) (4) (5) (6) (7) (8)
Panel A. Treatment
R (P) 19 1802 1798 1804 1795 50.25 100.25 1,439P (B) 19 1802 1798 1804 1795 50.25 100.25 239Mk/R (P) 6 181015, 1900 1808 1825 1809 28.25 65.75 150W (P) 6 181015, 1900 1808 1825 1809 28.25 65.75 529Bwk 6 180814, 1900 180818, 1834 180918, 1834 180815, 1864 16 50 155
P S
(P)6 180815, 1900 1808 1809 1809 32.75 70.25 763
H-K 6 180814, 1900 180814, 1832 180914, 1832 180816, 1869 15.25 48 294
H 3 180813, 1900 180814, 1833 180914, 1833 180815, 1869 14.25 47 1,090
Average 9.98 32.41 72.88
Panel B. Control
B 0 1810 1783 1820 1862 34.25 81.25 609B, 0 1900 1808 1826 1868 16.5 49.5 1,163
H-D 0 1900 1811 1816 1866 18.25 51.75 264
S 0 1865 1832 1832 1862 9 52.25 1,020
W 0 1900 1817 1836 1862 11.75 46.25 925
Average 0 16.31 54.46
Panel C. Control (east of the Elbe)B (P) 0 1900 1811 1821 1810 27 64.5 797E P (P) 0 1900 1811 1821 1810 27 64.5 554P (P) 0 1900 1811 1821 1810 27 64.5 342S (P) 0 1900 1811 1821 1810 27 64.5 1,053Mk-Sw 0 1900 1820 1862 1869 7.5 37.25 217
Sw-H 0 1900 1805 1805 1867 22.5 55.75 541
Average 0 25.1 61.46
Notes: S Appx. A w y pp 1750 (p 8, 1,000). T x 6 7 p xpy w (1850, 1900) p x.
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3293ACEMOGLU ET AL.: CONSEQUENCES OF RADICAL REFORMVOL. 101 NO. 7
yp xp z). I , Bwk, H, H-K, w 1815,
k Np .
C 5 w w , y
y, y y p . W kw
w w -
p ,
, w xpy. A, w
p w y ( w k), w , w xp P, z y y y.
I 6 7 w p x w xpy
, 1850 1900. F py, x p py y
y p p y 4. A
xp, Dy Bwk, w w y F
K Wp, w yy w
y C V. By 1850 x y y Code
Napolon, p 26 y,
25 y, y. T
x Bwk 1850 (6 + 25 + 26 + 7)/4 = 16.T x w w p w Gy w
y F, p w y z, k P
B, Gy -
p p T 1, F 1. I 1850,
, x w 50.25 R 28.25 Wp.
T w 27 P p E 34.25
B p x z
p w p
, - y .
0
20
40
60
80
Reformsin
dex
1700 1750 1800 1850 1900
Year
Treatment Control
Figure 1. Reforms Index, by Treatment Group
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C.Descriptive Statistics
T 2 p , p 13 p w E (f ) p 19 p. N ( 3) y w E. A E
y y p , w ,
W p p y F. W k 13 p
p. N, w E
y p yp
p F p w Gy py ( y) z P.
T f x w T 2 z x p
; p F 2A 2B. W w z
p p 1789. I, 1750 z y
p w w p ; , z y
w y p w E .11 I
, w, z w py p
1800. W E, xp, y 1900 z 8 p
11T p , z R, Wp, Bwk, B, S 1700.
Table 2Descriptive Statistics
W E W p
A C T C A(1) (2) (3) (4) (5)
Uz 1700 5.86 5.49 6.35 7.40 7.08
[4.22] [2.89] [5.93] [5.75] [5.61]
Uz 1750 7.89 7.66 8.09 8.90 8.59[4.12] [4.19] [4.4] [4.91] [4.61]
Uz 1800 10.23 8.45 11.75 10.22 10.81[4.37] [3.47] [4.71] [5.16] [4.92]
Uz 1850 13.78 12.38 14.97 14.45 14.65[6.01] [5.42] [6.65] [7.9] [7.26]
Uz 1875 25.70 22.22 28.67 25.19 26.52
[10.7] [9.15] [11.69] [11.2] [11.21]
Uz 1900 39.89 35.60 43.55 38.27 40.29[13.92] [12.12] [15.2] [14.4] [14.54]
S P 0.579 0.532 0.618 0.677 0.654[0.343] [0.385] [0.303] [0.347] [0.33]
L 50.43 49.28 51.41 50.97 51.14[1.5] [1.15] [0.98] [2.22] [1.85]
L 9.89 10.89 9.03 12.78 11.34
[2.01] [2.08] [1.51] [3.49] [3.42]
D P 592.4 631.8 558.7 808.9 712.9[146.3] [158] [128.2] [261.4] [251]
Note: M (w y pp 1750), k.
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p p y Np. T w p- p y. T p-
y w p ( P). T P pp w p.
III. Reduced-Form Evidence
I w y q (OLS) - p w
0
10
20
30
40
Urbanizationrate
(inpercent)
1700 1750 1800 1850 1900
Year
Treatment Control (west of the Elbe)
Difference
Figure 2A. Urbanization Rates, by Treatment Group
10
0
10
20
30
40
Urbanizationrate(inpercent)
1700 1750 1800 1850 1900
Year
Treatment Control (whole sample)
Difference
Figure 2B. Urbanization Rates, by Treatment Group
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z G p. T p p
1700, 1750, 1800, 1850, 1875, 1900. O -
w:
(1) ujt = dt + j +
pre
d Ij+ post
d Ij+ Xjt + jt,
w ujt z py j t, dt , j py fx , Xjt , w w k, jt . T ky Ij, wp y F p. T f
{t}pre {t}tpost, w pre y post
y , w w k p
p-F R (
d Ij p ). U yp F pw y x, w xp f {t}tpre -fy z, F w f
- w, {t}tpost p.T pp, , y/
py w y - x p p
( Jy W 2002, . 7).12
A.Main Results
W 1 T 3 w p, W E. W
pp 1750 w, f
z p p.13
T post
y 1850,1875, 1900, prep 1750 1800, w 1700 y. I - 1 w 1750= 0.491 1800= 0.247, w y F p w w w wy -
y, w 1800. 1850= 0.160w 0.250, y 1850 w ( ) y F p w z. By 1875, w,
p w y F p z,
y 1900, : f 1900 q 0.634.T p p 12 p p w 19
y F p, w p ppxy -
y .14 E
12T H-W y/py .
13T pp z 1750 w 200,000 (Bwk, Mk) (R, S, H, B). Uw y z p w p 5,000 z ;w p y w p, w ky j . N, w kw, x pf p, w p w wpf.
14O T 3 y (13/19 p), p-y yp ppx y . A y, w w p p
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f 1875 1900 y f, p- F- j f p- y (1850, 1875, 1900) w p- y jy y
p-1850 ( 5 p f).15
C 2 p y w pp w. T
qy , wk: p , -f y 1875 1900 jy f y.
I E w ,
3 4, , w
w . I 3, f y
p 1. T F- j f
p y w j 2 p.
W y y 1880, 1885, 1895,
1905, 1910 12 19 p. Rp
p y, w y
W E p w p, xp F- w
wy j yp p y 1 p pf ( p q).
( t- w yp p) y A. C C, J B. G D L. M (2008), p f 10,000 p. T p y f T 3. R w y f pp t-, w w y p y p. F xp, 1 p- 1900 y 0.146 0.285,w 2 p- 1900 0.212 0.115. S ppy T 3, 4, 6.
15T F- yp w y p F , pp t-, w yp y p pf y.
Table 3Urbanization in Germany
Dp : z
W E A
W Uw W Uw
(1) (2) (3) (4)
Y F p 1750 0.491 0.252 0.488 0.197[0.249] [0.172] [0.235] [0.164]
Y F p 1800 0.247 0.0425 0.268 0.0471[0.225] [0.153] [0.227] [0.178]
Y F p 1850 0.160 0.0332 0.221 0.0235[0.250] [0.153] [0.249] [0.181]
Y F p 1875 0.402 0.354 0.266 0.252[0.326] [0.295] [0.303] [0.299]
Y F p 1900 0.634 0.529 0.503 0.506[0.408] [0.401] [0.376] [0.423]
O 74 74 109 109
N 13 13 19 19
p- j f 1800 0.0532 0.463 0.0205 0.214
Notes: A y y . R y y.W w y pp 1750.
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O, w F p
G p. O y, , py j f-
p- y, p p y
F xp p z, py 1850. T
p. F w p y p y -
w, q xp p (, , B 1983, B 1986).16 T, - p F y w . B -
p R-p . T p
yp j w -
p y. T
I R, w k p C
Ep y.17 O p
y w yp.
B.Robustness
T 4 - . I 1,
w p -p R (p Cy Mk), p w - y. T y
.
C 26 w y -
- y
p p. I 2, xp, w w
y pp P
(.., D Protestantj). C 3 y - w k w -y py. I ,
( w , jy f 5 10 p).
M py, 4 5 y w
w P. S w
P ky p y F ,
p k w x y F p
w p w
y . Ry, p 1875 1900
w py . T w P jy f 10 p
16T p z p - F w, wk pp wk(A . 2009) p -y w- w M GDP p p.
17T Sy L. E K L. Sk (1997) A,J, R (2002) w , w k pw 1500 1800, p y. D L (1969 . 45) p w -p Ep k p y w xp -q y x , p wy , p, y.
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, y p ( f p
w z w ).C 6 py w G p- y y , w
w z w 1792 1815. S p,
W R,
z . T p , w
w py p
p-1800 y . I 6, ( p p) jy f . I y , p F p y .
T p p 1750 1800 p -
- y w p,py . T w
k , 7 w w
z uj,1750(1750 f w p z f p) y . T x ( ) wy y px . N,
x pf . F xp, 1900 w 0.650( 0.362) w z y y jy f. C 8 xpy
p - k
Table 4Urbanization in Germany, Controls
Dp : Uz w E
WMk/R P L L
D
P
N
I-z
A-BGMM
(1) (2) (3) (4) (5) (6) (7) (8)Y F p 0.565 0.547 0.600 0.435 0.446 0.531 0.458 1750 [0.281] [0.308] [0.356] [0.244] [0.278] [0.294] [0.267]
Y F p 0.324 0.336 0.356 0.256 0.244 0.288 0.209 0.0520 1800 [0.249] [0.295] [0.324] [0.215] [0.248] [0.264] [0.245] [0.126]
Y F p 0.235 0.229 0.261 0.0182 0.0269 0.114 0.136 0.372 1850 [0.275] [0.310] [0.356] [0.210] [0.242] [0.257] [0.261] [0.379]
Y F p 0.324 0.353 0.292 0.623 0.561 0.374 0.418
1875 [0.324] [0.312] [0.374] [0.250] [0.271] [0.305] [0.284]
Y F p 0.552 0.573 0.512 0.893 0.836 0.656 0.650 1.249
1900 [0.411] [0.370] [0.451] [0.321] [0.325] [0.382] [0.363] [0.713]
L z 0.955[1.345]
O 68 74 74 74 74 74 74 35
N 12 13 13 13 13 13 13 13
p- jf 1800
0.128 0.0705 0.176 0.0791 0.0625 0.0959 0.109 0.0312
p- jf
0.0217 0.414 0.0222 0.0815 0.0267 0.123
Notes: A y y . R y y. A w y pp 1750. C 26 (P, , -, P, py , z 1750) w .
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. T y, Gz
M M (GMM) y y M A Sp R.B (1991). W p 1875 p w q . T y OLS ; p
f. A wy pf w f
px qy p y F.
W f p y.
C.Additional Outcome Variables
I p z
, T 5 w p p py-
. D 64 Gy
y 1849, 1882, 1895, 1907. T
k z ,
y p
. T , 1849, w
k p p 1800. G k
1800, w py p - :
(2) yjt = dt + t Ij + jt,
t. Hyjt ( -y/) j t, dtw y-pf ,Ij p y F p j, jt , t f . I p, t p - w F .
T T 5 w , w E w -
p, w y py
Table 5Occupational Shares in Germany
Dp : pppy
Dp : pppy y
W E A W E A
W Uw W W Uw W
(1) (2) (3) (4) (5) (6)
Y F p, 0.430 0.411 0.508 0.055 0.061 0.3741849 [0.468] [0.460] [0.346] [0.376] [0.342] [0.369]
Y F p, 0.450 0.486 0.585 0.420 0.386 0.5941882 [0.285] [0.244] [0.253] [0.256] [0.240] [0.267]
Y F p, 0.570 0.601 0.658 0.472 0.449 0.6401895 [0.266] [0.242] [0.182] [0.248] [0.231] [0.222]
Y F p, 0.554 0.585 0.724 0.350 0.321 0.5701907 [0.281] [0.264] [0.237] [0.284] [0.251] [0.237]
Notes: E p - . D . R . A w y pp 1849. N (-/w E): 39/23 (1849), 62/44 ( y).
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p y F y 1849, y -
f. Ty y f y 1882
1908. T p
z , w p z
w f F p .
IV. Institutional Reforms and Economic Growth
I , w f w
G p p w F p ( ) , f k w F - w . W p
f w- q (2SLS) y, w w x w y.
T 2SLS y . F, w p
k w w y. S,
- f p p,
B p P E, w
, p p z p
F Ep. T 2SLS w
y p. T, y w f
w w j yp F
p wk py y .
A. French Occupation and Institutional Reorms
T 1 F 1 p x -p w y F p. T
z p w x F p
y wy f 2SLS y, w
p w p q:
(3) Rjt = dt + j + t Tt>1800 Ij + jt,
wRjt x pyj t; dt j py fx ; ,Ij , y F
p, jt . T Tt>1800 y p-1800 (1850, 1875, 1900), t Tt>1800 1800 ( q 0 ).18 Iy, p py F p,
x w . T p
Gy, w F p , y
1800, p Gy.
18T py p f, t y 1,000.
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3302 THE AMERICAN ECONOMIC REVIEW DECEMBER 2011
E q (3) w p B T 6. T f ,
p w E pp 1750 w, w p w F p x.
T f 1.166 ( = 0.107). T p w G p y
F (pp z), p y Fw f . C 2 p F p
t Tt>1800 Ijw y (1850 ) w y F p p p- j f- . T pf pp yp
k w F p (p- = 0.000).Fy, 35 f y k pf w pp-
w w Gy E p. T f y .
B. Two-Stage Least Squares Estimates
W x 2SLS x z-
. W p w - q:
(4) ujt = dt + j + Rjt + jt,
Table 6Urbanization in Germany, Impact of Reforms
Dp : z
W E A
WW,
Uw W Uw
(1) (2) (3) (4) (5)
Panel A. OLS estimationR x 0.281 0.281 0.220 0.268 0.191
[0.114] [0.114] [0.122] [0.110] [0.105]
Panel B. First stage
F p p1800 1.166 1.116 1.006 0.960 [0.107] [0.143] [0.108] [0.145]
F- x 119.7 121.6 61.85 87.57 43.71
p- F- 0.000 0.000 0.000 0.000 0.000
Panel C. 2SLS estimation
R x 0.291 0.321 0.204 0.284 0.193
[0.102] [0.112] [0.124] [0.112] [0.143]
O 74 74 69 109 109
N 13 13 12 19 19
p- f 0.328
Notes: A y y . R y y.W w y pp 1750. T f 2 Y F p y x .
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3303ACEMOGLU ET AL.: CONSEQUENCES OF RADICAL REFORMVOL. 101 NO. 7
w ujt z, dt j py fx .T (4) (3) f- p w
T 6. P A w OLS p p. I OLS,
p f w x z
pf p T 6.
P B p 2SLS (4). F p, 1 w = 0.290 ( = 0.102), w y f.Iy, f OLS , w
ky p OLS
. T f , w
w pw . T y p
w , pp p F , p
ww . T OLS f j -
(ww) , x w , py, x y pxy
k .
C 2 p, w
p-1800 (.., post
d Ij q(1), w post 1850, 1875, 1900) . T y f , , w -
, w p f
jy . Ey, j
f . Ey, w w
j yp p-1800 w F
p wk py y x ( F p). T p f-
, w H-W - x w , p k
yp. Tp- f (F-) p w w y j - yp. T
pp p F p p z
G p y y
p.
C 3 1, w w -
. T 2SLS w , 0.204, w ,
f y 10 p. I 4 5, w p
E, 2SLS f y p
1 3.O y w p
p y F f
p wy p p, py
y.
V. Concluding Remarks
T F R 1789 px p ,
, . T p p
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3304 THE AMERICAN ECONOMIC REVIEW DECEMBER 2011
F : F y , Np,
p Ep, Gy, w y k
y p, , F.
Hw, w xp p -
. T p - q F
R, p q- xp.
W f w F p xp
p p. O y, p p
w px y z w
y F R, py 1850. W
p py -
F p w ky
R. T f y y p
pp p F R, py
p q .
S xy p -
. T F R xp -,
. I , f pp y
p p. M p,
w w xy p, , B
B y . O y, pp
yp ancienrgime, p
, , k qy w,
p ppy,
p wy z w.
Ny, f p w -. F, w p y p
y F R y , p
f y pf. S, y w
. T, p wy
xp .19 N, wy f -
- f q,
x. T , , q: wy
y wk w xy p ? O py
w w ypy .20
T F y y wk pw-
, k q y p. Ew p pw 1815, w p
p q. T p F
w pw xp Gy Jp
19M, p F p - w, w y w w y w p y , y - -, , py, F p j .
20S A R (2008) w p.
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3305ACEMOGLU ET AL.: CONSEQUENCES OF RADICAL REFORMVOL. 101 NO. 7
w y , xp.21 N, w
p y p
F R, w w
w w xy p
p
p wk.
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