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The rationality of revolution

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  • Leonard Dudley

Abstract

Between 950 and 1950, European states experienced four short intervals of rapid social, political and economic change. Each such period followed the introduction of a macroinvention in information and communication technology. Here these two sets of events are linked by a rational theory of revolution in which the optimal system for producing the information to allocate a society's resources depends on the relative importance of fixed costs and network effects. Variations in these parameters can trigger four types of revolution –contractual, consensual, preemptive and prescriptive– each of which captures the essential features of one of the historical periods of change. Copyright Springer-Verlag Berlin Heidelberg 2000

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Bibliographic Info

Article provided by Springer in its journal Economics of Governance.

Volume (Year): 1 (2000)
Issue (Month): 1 (03)
Pages: 77-103

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Handle: RePEc:spr:ecogov:v:1:y:2000:i:1:p:77-103

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Related research

Keywords: Key words:Revolution; information; technology; Europe; game theory; JEL classification:N43; N44;

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Cited by:
  1. Blum, U. & Dudley, L., 2001. "Religion and Economic Growth: Was Weber Right?," Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ 2001-05, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  2. Roger Congleton, 2001. "On the Durability of King and Council: The Continuum Between Dictatorship and Democracy," Constitutional Political Economy, Springer, vol. 12(3), pages 193-215, September.
  3. DUDLEY, Leonard, 2003. "Explaining the Great Divergence: Medium and Message on the Eurasian Land Mass, 1700-1850," Cahiers de recherche, Universite de Montreal, Departement de sciences economiques 2003-19, Universite de Montreal, Departement de sciences economiques.
  4. Reinoud Joosten, 2011. "Social Dilemmas, Time Preferences and Technology Adoption in a Commons Problem," Papers on Economics and Evolution 2011-09, Philipps University Marburg, Department of Geography.
  5. Touhami, A. & Martens, A., 1996. "Macroemesures in Computable General Equilibrium Models: a Probabilistic Treatment with an Application to Morocco," Cahiers de recherche, Universite de Montreal, Departement de sciences economiques 9621, Universite de Montreal, Departement de sciences economiques.

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