The Institutional Revolution: Measurement and the Economic Emergence of the Modern World

@article{Dennison2013TheIR,
  title={The Institutional Revolution: Measurement and the Economic Emergence of the Modern World},
  author={Tracy Dennison},
  journal={The Journal of Economic History},
  year={2013},
  volume={73},
  pages={294 - 295}
}
  • Tracy Dennison
  • Published 2013
  • Economics, Political Science
  • The Journal of Economic History
For Douglas Allen, the past can be divided roughly into two eras: the old times, characterized by peculiar and exotic institutions, such as dueling, venality, and patronage, and the modern era, characterized by wages and prices, technology, and meritocracy. Allen argues that the transition, c. 1850, from the old world to the new was effected by more precise, standardized systems of measurement. Before the modern era it was impossible to measure the most basic things: time, distance, trade… Expand
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