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The Institutional Revolution: Measurement…
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The Institutional Revolution: Measurement and the Economic Emergence of…

by Douglas W. Allen

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As I state in my profile section describing my ranking system for books, I give very few 5 star ratings. Specifically, a 5 star book has to change the way I understand something in a fundamental way. Well, this book does that for how I understand relationships of power before modern times. Even if you don't agree with Allen's thesis in total, even the gist of his theories, which are easy enough to understand provided the reader has a good understanding of history, is enough for anyone to see power relationships in a new light. Sometimes it takes someone with a different set of view and skills, in this case of an economist, to point out important factors that no one else has noticed before. If you read this book, you should have a decent understanding of the history of England both before, during and after the Industrial Revolution to get the most benefit out of it. Mr. Allen has produced a superb monograph. Highly recommended. ( )
  Polymath35 | May 19, 2012 |
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Amazon.com Product Description (ISBN 0226014746, Hardcover)

Few events in the history of humanity rival the Industrial Revolution. Following its onset in eighteenth-century Britain, sweeping changes in agriculture, manufacturing, transportation, and technology began to gain unstoppable momentum throughout Europe, North America, and eventually much of the world—with profound effects on socioeconomic and cultural conditions.

In The Institutional Revolution, Douglas W. Allen offers a thought-provoking account of another, quieter revolution that took place at the end of the eighteenth century and allowed for the full exploitation of the many new technological innovations. Fundamental to this shift were dramatic changes in institutions, or the rules that govern society, which reflected significant improvements in the ability to measure performance—whether of government officials, laborers, or naval officers—thereby reducing the role of nature and the hazards of variance in daily affairs. Along the way, Allen provides readers with a fascinating explanation of the critical roles played by seemingly bizarre institutions, from dueling to the purchase of one’s rank in the British Army.
 
Engagingly written, The Institutional Revolution traces the dramatic shift from premodern institutions based on patronage, purchase, and personal ties toward modern institutions based on standardization, merit, and wage labor—a shift which was crucial to the explosive economic growth of the Industrial Revolution.

 

(retrieved from Amazon Thu, 12 Mar 2015 18:00:21 -0400)

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