The Economics of the Industrial Revolution (Routledge Revivals)

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9780415676427: The Economics of the Industrial Revolution (Routledge Revivals)

In recent years, scholars from a variety of disciplines have addressed many perplexing questions about the Industrial Revolution in all its aspects. Understandably, economics has become the focal point for these efforts as professional economists have sought to resolve some of the controversies surrounding this topic.

First published in 1985, this collection contains ten key essays written by leading economists on the subject of the Industrial Revolution. Among the questions discussed are the causes for the pre-eminence of Britain, the roles of the inputs for growth (capital, labor, technical progress), the importance of demand factors, the relation between agricultural progress and the Industrial Revolution, and the standard of living debate.

The essays demonstrate that the application of fresh viewpoints to the literature has given us a considerable new body of data at our disposal, making it possible to test commonly held hypotheses. In addition, this new data has enabled economists to apply a more rigorous logic to the thinking about the Industrial Revolution, thus sharpening many issues heretofore blurred by slipshod methodology and internal inconsistencies.

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About the Author:

Joel Mokyr is the Robert H. Strotz Professor of Arts and Sciences, and Professor of Economics and History, at Northwestern University. He is the author of the widely acclaimed "The Lever of Riches" and editor of the "Oxford University Press Encyclopedia of Economic History." He is a former editor of the "Journal of Economic History" and President Elect of the Economic History Association.

Review:

'Joel Mokyr has put together an excellent volume containing ten recent essays on the economic aspects of the British Industrial Revolution, casting a new light on its causes, developments, and consequences for the standard of living. The Editor's Introduction provides a detailed analysis of these essays and their implications, and will become an important starting point for the understanding of British economic change in the period from 1760 to 1830.' - Stanley L. Engerman, University of Rochester

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