Markets, standards and transactions: measurements in nineteenth-century British economy

This thesis is concerned with measurements used in economic activity and investigates how historical markets managed transactional problems due to unreliable measurements. Existing literature has generally associated the problems of measurements in historical markets with the lack of uniformity in weights and measures. This thesis shows that metrological standardization was not sufficient to ensure reliability of measurements. Markets developed mensuration practices that enabled markets to address specific transactional issues in micro-contexts. This involved, in addition to the use of standardized metrology, improved governance of transactions, third party monitoring and guaranteeing, and other institutional solutions. Historical institutional arrangements were altered or replaced as a result of changing or standardizing mensuration practices. The thesis also makes a conceptual contribution in terms of understanding the process of standardization. It shows how, while standards can be inflexible and rationalized (i.e. limited in number), standardized practices can incorporate a number of such standards and be flexible in terms which standard to be used in a given context. Analytically, standardized practices are institutional objects that are determined endogenously and are formed in 'packages' that create interlinks between standards, other artefacts, rules and people. These arguments are developed by studying three detailed cases of mensuration practices in the British economy during the nineteenth-century. The case of the London Coal Trade examines how altered mensuration practices gave buyers greater assurance that the amount of coal they received was actually the amount they purchased. The case of the wire industry illustrates the struggles to define a uniform set of wire sizes that could overcome the disputes arising from incompatible and multiple ways of measuring wire sizes. The case of the wheat markets illustrates the complexity involved in developing standards of measurements such that quality could be reliably measured ex-ante. Through these case studies, the thesis shows how markets developed different mensuration practices to manage measurements in a given context

Travelling facts: a perspective from Indian agriculture

Studying the Tamil Nadu Precision Farming Project, Peter Howlett and Aashish Velkar find that technology transfer occurs when facts associated with the process travel well

‘Deep’ integration of 19th century grain markets: coordination and standardisation in a global value chain

This paper explores the dynamics underlying integration of the international grain markets of the nineteenth century. It demonstrates that ‘deep’ integration implied changes to market structures, firm strategies and the commodity being marketed. Coordination within grain markets occurred at multiple levels (markets, firms, committees, etc.) and involved various firm strategies (integration, co-specialisation, voluntary consensus, etc.). There was a greater degree of standardisation as centralised grading systems were developed by commodity exchanges in the US and UK. Greater standardization made the commodity fungible and tradable through an institutional rather than a technical process. The global value chain that emerged during this period developed governance structures and institutions to coordinate the enormous expansion in scope as well as scale of trade. Many of these structures and institutions continue to coordinate the international markets in the twenty-first century. The paper uses the global commodity value chain (GCC) approach to develop these arguments and focuses on the international wheat trade of the nineteenth century - centred on UK as the major importer. This research stresses that governance and institutions that enable global disintegration (of the value chain) crucially drives and informs our understanding of market integration – they are two sides of the same historical coin

Accurate measurements and design standards: consistency of design and the travel of 'facts' between heterogeneous groups

Design standards are carriers and creators of facts, enabling facts about product value to travel between groups, and assisting in the creation of product value by establishing a reference or comparison against which product attributes are compared. However, when design standards are not consistent, facts about product value may not travel well, even when designs can be expressed or measured with a high degree of precision. Examining the evidence from British iron and steel industry in the nineteenth century, this paper demonstrates how inconsistent design standards (wire sizes) inhibited the travel of facts about the ‘true value’ of wire products. Consistency in wire sizes depended upon the desirability of certain sizes amongst user and producer groups; often they differed both within and between the relevant groups. Convergence on a common system had to be achieved through intense negotiations between the producer and user groups, with the state becoming involved as an arbitrator. Consistency was a negotiated construct; once achieved, it enabled facts about wire products to be transmitted using consistent design standards

Institutional facts and standardisation: the case of measurements in the London coal trade

Measurement standards are like institutional facts – they enable the travel of information across different domains: geographical, social, institutional or contextual. Uncovering the reasons underlying how and why measurement standards are adopted can provide insights into how ‘well’ such facts travel. Using the example of measurements in the London coal trade c1830, I explore how measurement standards travel across different domains and why groups switch from one standard to another. In this specific example, I investigate how standardized measurements replaced the customary practice of heaped measures and, and argue that measurement standards replaced the system of public measurements as a mechanism to ensure transparency in transactions. I further argue that measurement standards were embedded in an institutional ‘package’ of artefacts, regulations and customary practices making this a process of negotiated change. Institutional facts are bounded by other institutional structures. In this case of measurement standards, facts appear to have travelled well when a change was made to the entire institutional context and not just the measurement artefact

Agri-technologies and travelling facts: case study of extension education in Tamil Nadu, India

This paper is motivated by two broad questions: how is technology transferred from academia to non-academic domains, and how well do facts within these technologies travel? These questions are explored in the context of a particular extension education program in Tamil Nadu, south India. The paper explores the extent to which fertigation technologies (drip irrigation) and other farm and postharvest technologies travelled from the Tamil Nadu Agricultural University to the farming community in two districts of north Tamil Nadu. The extension effort, involving direct scientist to farmer interaction, sought to push facts about such technologies – termed ‘precision farming’ – to the larger community through demonstration effects. We conclude that although facts about precision farming travelled well, the technologies themselves travelled once certain institutional barriers were overcome. This involved not only overcoming the farmers financial inability to invest in a relatively expensive technology, but also fostering cooperative behaviour and improving individual bargaining power through the formation of local farmers associations. This model of an extension education had an strong demonstration effect that encouraged the travel of critical facts about precision farming

Storm in a Teacup: Empire Products, Blended Teas, and Origin Marking debates in 1920s Britain

This article uses the origin marking of tea as a case study to examine contemporary debates on imperial preference and ‘soft’ trade protection. The case integrates three themes affecting the UK business environment during the 1920s: protectionism, imperial tariff preference, and consumer choice. We discuss the extent to which consumers’ tea purchases were influenced by proprietary brand, or geographical origin. Our analysis focuses on the legislative framework provided by the Merchandise Marks Act, 1926, mandating origin marking for specific imported foodstuffs. Contrary to established view, we demonstrate how product quality in the supply chain of tea consumed in the UK was determined not by the producers (tea growers), but by the major UK-based blenders. We argue that UK consumers were unable to exercise any meaningful voluntary preference for empire teas. Our article reveals that the political idea of an ‘empire product’ did not always translate well into commercial reality