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In defence of the institutional revolution

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  • Douglas Allen

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    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

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    File URL: http://hdl.handle.net/10.1007/s11138-013-0238-4
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    Bibliographic Info

    Article provided by Springer in its journal The Review of Austrian Economics.

    Volume (Year): 26 (2013)
    Issue (Month): 4 (December)
    Pages: 397-412

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    Handle: RePEc:kap:revaec:v:26:y:2013:i:4:p:397-412

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    Web page: http://www.springerlink.com/link.asp?id=100335

    Related research

    Keywords: Coase; Pre-modern world; Measurement; Institutions; N43; N63; O14; P48;

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    1. Deirdre McCloskey, 2013. "A neo-institutionalism of measurement, without measurement: A comment on Douglas Allen’s The Institutional Revolution," The Review of Austrian Economics, Springer, vol. 26(4), pages 363-373, December.
    2. Coase, Ronald H., 1991. "The Institutional Structure of Production," Nobel Prize in Economics documents 1991-1, Nobel Prize Committee.
    3. Richard N. Langlois, 2013. "The Institutional Revolution: A Review Essay," Working papers 2013-11, University of Connecticut, Department of Economics.
    4. Douglas W. Allen, 2006. "Theoretical Difficulties With Transaction Cost Measurement," Division of Labor & Transaction Costs (DLTC), World Scientific Publishing Co. Pte. Ltd., vol. 2(01), pages 1-14.
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