Monday, February 21, 2011

How Measurement led to the Modern World

"Once fundamental measurement problems were solved -- involving time, distance, weights, and power, among others -- it became possible to cheaply measure worker performance, input and output quality, and the role of nature, in areas of life that were unheard of before. This ability to cheaply measure ushered in the world of modern institutions (Marginal revolution)."

Reminds me of the point of ESV work.

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