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He is, of course, pointing to the precipitousness of much ancient and contemporary theorizing.
In this framework, gradualism has attractive properties as it is more revealing than precipitousness. This new informational angle generates a number of interesting results concerning the pace of reform, some of which are at variance with the conventional wisdom in the area.
This is because restructuring activities and revelation are smaller with precipitousness (as expected profits are smaller), which makes many inefficient firms prolong their stay in business.
at ix (1978) (collected essays published as Proceedings of Special Conference on Determinate Sentencing held at University of California at Berkeley School of Law (Boalt Hall)) ("With a precipitousness remarkable in social change, there has been a dramatic turning.