In the “Acknowledgements” to his 2010 collection of essays called Studies on Science and the Innovation Process, Nathan Rosenberg wrote: “[M]y long-standing conviction [is] that the most powerful contributions to the rise in measured economic productivity in the last half of the twentieth century was the innovation that we call “`the deadline.'”
His comment was slightly tongue-in-cheek. Rosenberg (who died in 2015) was a lovely man: I knew him a little and worked with him as an editor on a couple of his papers. However, his many virtues did not include being someone who would reliably meet deadlines. Indeed, in the book acknowledgements he was gracefully thanking those who went out of their way to help him meet the publication deadlines.
According to the Oxford English Dictionary, the word “deadline” in the sense of a timeline for completion of a task is a 20th century American coinage. The word “deadline” first appears in the 1860s, with the most common usage referring to a line around a prison or a stockade, where those who crossed the line without authorization would be shot. Another usage at about the same time period referred to a “dead line” in relation to the kind of fishing (called “ledgering”), where the fishing line is slack because the bait sits on the bottom of a river or lake.
In the early 20th century, the word evolved to a printing usage. When printing something at that time, you created a “plate” that fit the size of the printing press. There was a “deadline” around the edge of the plate, and any type that was outside the deadline would not actually show up in print. By 1920, there was apparently a silent movie, unseen by me, called “Deadline at 11,” which involved a plucky newspaper reporter who had to solve the case in time for the newspaper to get the story into print–which suggests that the term in its modern meaning of “time limit” was in use before then.
But Rosenberg’s side comment about deadlines is worth considering, nonetheless. Many of us live our professional lives engaging in what behavioral economists have called called “the planning fallacy”–that is, perpetually making plans and setting timelines, underestimating the time that will probably be needed and overcommitting our time, and then scrambling to get the work done as the deadline approaches–and then scrambling further when we miss some of the deadlines, but try not to miss them by too much. Indeed, a modern economy involves many elements of coordination, both inside companies and between companies throughout the chain of production. The complex patterns of coordination don’t happen by chance: they require sequences of activities, mediated by deadlines.
Timothy Taylor is an American economist. He is managing editor of the Journal of Economic Perspectives, a quarterly academic journal produced at Macalester College and published by the American Economic Association. Taylor received his Bachelor of Arts degree from Haverford College and a master's degree in economics from Stanford University. At Stanford, he was winner of the award for excellent teaching in a large class (more than 30 students) given by the Associated Students of Stanford University. At Minnesota, he was named a Distinguished Lecturer by the Department of Economics and voted Teacher of the Year by the master's degree students at the Hubert H. Humphrey Institute of Public Affairs. Taylor has been a guest speaker for groups of teachers of high school economics, visiting diplomats from eastern Europe, talk-radio shows, and community groups. From 1989 to 1997, Professor Taylor wrote an economics opinion column for the San Jose Mercury-News. He has published multiple lectures on economics through The Teaching Company. With Rudolph Penner and Isabel Sawhill, he is co-author of Updating America's Social Contract (2000), whose first chapter provided an early radical centrist perspective, "An Agenda for the Radical Middle". Taylor is also the author of The Instant Economist: Everything You Need to Know About How the Economy Works, published by the Penguin Group in 2012. The fourth edition of Taylor's Principles of Economics textbook was published by Textbook Media in 2017.