10
Weights and measures.
§In Middle Ages, varied not only by locality but also by type of product.
§Aids cheating, raises transaction costs.
§England leader in unification, but local weights and measures not abolished until statute of 1835.
Rembrandt, detail from The Moneychanger (1627), Staatliche Museen, Gemäldegalerie, Berlin.
“... to bring the whole of His Majesty’s kingdom within the same statutes and within the same system of weights and measures, an undertaking very worthy of our great King …” — Jean-Baptiste Colbert (1665)