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Rules, organizations, and the institutional origins of the great productivity revolution

Published version
Peer-reviewed

Repository DOI


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Authors

Wallis, John Joseph  ORCID logo  https://orcid.org/0000-0001-7171-9264

Abstract

jats:titleAbstract</jats:title>jats:pHuman productivity began increasing in the mid‐19th century in a group of societies whose institutional structures simultaneously transformed. This paper develops a general way of thinking about institutional structures and identifies how specific institutional changes that occurred in the mid‐19th century could have caused an increase in productivity across many of the organizations in a society. External rules enforced by one organization but used by other organizations, are central to the argument, as is the emergence of impersonal rules that apply equally to all citizens. The productivity revolution of the late 19th century occurred in an era when a few societies adopted impersonal rules on a broad scale for the first time in human history.</jats:p>

Description

Publication status: Published

Keywords

38 Economics, 3502 Banking, Finance and Investment, 3801 Applied Economics, 35 Commerce, Management, Tourism and Services

Journal Title

The Manchester School

Conference Name

Journal ISSN

1463-6786
1467-9957

Volume Title

Publisher

Wiley