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Toward an economic theory of customary measurement

Published online by Cambridge University Press:  22 June 2023

Glen Whitman*
Affiliation:
Department of Economics, California State University, Northridge, California, USA
*
Corresponding author. E-mail: glen.whitman@gmail.com
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Abstract

The article proposes an economic theory of customary measurement systems. The form of such systems is driven by two transaction-cost factors: minimising costs of implementation, and coordinating on shared standards. These factors combine to yield seven principles of customary measurement, supported with illustrative examples from the traditional Anglo-American, Egyptian, Greek, Roman, Chinese, and Indian measurement systems. The theory illuminates various confounding features of such systems, including ubiquitous binary patterns, frequent appearance of duodecimal ratios, and persistence of trade-specific measures.

Information

Type
Research Article
Copyright
Copyright © The Author(s), 2023. Published by Cambridge University Press on behalf of Millennium Economics Ltd.
Figure 0

Figure 1. The eye of Horus and its fractions.Sources: Dahl (2007), Gyllenbok (2018: 484). In panel (b), each piece of the eye represents a fraction of the hekat, a unit of capacity.

Figure 1

Table 1. US Fluid capacity measures

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Table 2. Summary of customary measurement principles

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Table 3. Ancient Chinese length measures

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Table 4. Northern India, Pre-Akbar weight measures

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Table 5. Aztec empire length measures (middle scale)