Business Economics

Read e-book online Markets and Measurements in Nineteenth-Century Britain PDF

By Aashish Velkar

ISBN-10: 1107023335

ISBN-13: 9781107023338

Measurements are a principal institutional section of markets and financial trade. via the 19th century, the dimension approach in Britain used to be desperately wanting revision: a multiplicity of size criteria, proliferation of neighborhood or neighborhood weights and measures, and a complicated array of dimension practices made daily measurements unreliable. Aashish Velkar uncovers how metrology and financial good judgment by myself did not make 'measurements' trustworthy, and discusses the significance of localised practices in shaping belief in them. Markets and Measurements in Nineteenth-Century Britain steers clear of the conventional factors of size reliability in response to the standardisation and centralisation of metrology; the focal point is on altering dimension practices in neighborhood monetary contexts. targeted case experiences from the economic revolution recommend that such practices have been path-dependent and 'anthropocentric'. accordingly, when standardised metrology could have more desirable precision, it was once localised practices that decided the reliability and trustworthiness of measurements in monetary contexts.

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Markets and Measurements in Nineteenth-Century Britain (Cambridge Studies in Economic History - Second Series) by Aashish Velkar

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