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In defence of the institutional revolution

Douglas Allen ()

The Review of Austrian Economics, 2013, vol. 26, issue 4, 397-412

Abstract: I defend my thesis laid out in The Institutional Revolution against the comments made by McCloskey, Espin and Mokyr, and Langlois, who all believe that the weight of the great institutional transition is too great for my theory of measurement, and who all quibble with some aspects of my historical analysis. I argue that some of the comments fail to fully appreciate the Coasean approach, and that most of the historical comments miss the mark. I begin with a short discussion of Coase, and then turn to each author in turn. Copyright Springer Science+Business Media New York 2013

Keywords: Coase; Pre-modern world; Measurement; Institutions; N43; N63; O14; P48 (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/s11138-013-0238-4

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