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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

Suggested Citation

  • Leonard Dudley, 2000. "The rationality of revolution," Economics of Governance, Springer, vol. 1(1), pages 77-103, March.
    • Handle: RePEc:spr:ecogov:v:1:y:2000:i:1:p:77-103
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    Cited by:

    1. Amigues, Jean-Pierre & Favard, Pascal & Gaudet, Gerard & Moreaux, Michel, 1998. "On the Optimal Order of Natural Resource Use When the Capacity of the Inexhaustible Substitute Is Limited," Journal of Economic Theory, Elsevier, vol. 80(1), pages 153-170, May.
    2. Leonard Dudley & Ulrich Blum, 2001. "Religion and economic growth: was Weber right?," Journal of Evolutionary Economics, Springer, vol. 11(2), pages 207-230.
    3. Touhami, A. & Martens, A., 1996. "Macroemesures in Computable General Equilibrium Models: a Probabilistic Treatment with an Application to Morocco," Cahiers de recherche 9621, Universite de Montreal, Departement de sciences economiques.
    4. Leonard Dudley, 2005. "Explaining the great divergence: medium and message on the Eurasian land mass, 1700 - 1850," Chapters, in: Alain Marciano & Jean-Michel Josselin (ed.), Law and the State, chapter 4, Edward Elgar Publishing.
    5. Reinoud Joosten, 2014. "Social dilemmas, time preferences and technology adoption in a commons problem," Journal of Bioeconomics, Springer, vol. 16(3), pages 239-258, October.
    6. 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.

    More about this item

    Keywords

    Key words:Revolution; information; technology; Europe; game theory; JEL classification:N43; N44;
    All these keywords.

    JEL classification:

    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General

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