A Culture of Growth: The Origins of the Modern Economy (The Graz Schumpeter Lectures) - Softcover

Mokyr, Joel

Softcover

ISBN 10: 0691180962 ISBN 13: 9780691180960

Publisher: Princeton University Press, 2018

Synopsis

Why Enlightenment culture sparked the Industrial Revolution

During the late eighteenth century, innovations in Europe triggered the Industrial Revolution and the sustained economic progress that spread across the globe. While much has been made of the details of the Industrial Revolution, what remains a mystery is why it took place at all. Why did this revolution begin in the West and not elsewhere, and why did it continue, leading to today's unprecedented prosperity? In this groundbreaking book, celebrated economic historian Joel Mokyr argues that a culture of growth specific to early modern Europe and the European Enlightenment laid the foundations for the scientific advances and pioneering inventions that would instigate explosive technological and economic development. Bringing together economics, the history of science and technology, and models of cultural evolution, Mokyr demonstrates that culture―the beliefs, values, and preferences in society that are capable of changing behavior―was a deciding factor in societal transformations.

Mokyr looks at the period 1500–1700 to show that a politically fragmented Europe fostered a competitive "market for ideas" and a willingness to investigate the secrets of nature. At the same time, a transnational community of brilliant thinkers known as the “Republic of Letters” freely circulated and distributed ideas and writings. This political fragmentation and the supportive intellectual environment explain how the Industrial Revolution happened in Europe but not China, despite similar levels of technology and intellectual activity. In Europe, heterodox and creative thinkers could find sanctuary in other countries and spread their thinking across borders. In contrast, China’s version of the Enlightenment remained controlled by the ruling elite.

Combining ideas from economics and cultural evolution, A Culture of Growth provides startling reasons for why the foundations of our modern economy were laid in the mere two centuries between Columbus and Newton.

About this title

From the Back Cover

"Many great minds have written many great books about why Europe spearheaded technological progress and economic growth in the past three centuries. Joel Mokyr has joined their ranks with admirable verve, erudition, and originality. In his account, a change in the beliefs, values, and preferences of Europeans drove them to accumulate, share, and apply knowledge as it had never been done before. Agree or disagree with Mokyr's thesis, you definitely need to take it seriously."--Margaret Jacob, University of California, Los Angeles

"A Culture of Growthis an insightful quest into the economic history of the last five centuries. Mokyr's historical laboratory is early modern Europe, when a small mass of highly skilled artisans, entrepreneurs, financiers and merchants laid the roots of what was to become the Industrial Revolution."--Angus Deaton, 2015 Nobel Laureate in Economics

"Mokyr's new masterpiece is a virtuoso display of how new thinking in economics can bring a deeper understanding of one of the most important events in human history.A Culture of Growthdocuments the cultural shifts that permitted the interrogation of nature that then flowered into scientific advances. This book offers us an optimistic vision: a great expansion of communication preceded our modern prosperity, and we can expect this to happen again."--Robert E. Lucas Jr., 1995 Nobel Laureate in Economics

"In this immensely learned book, Mokyr argues that a specific culture of growth anchored in the Republic of Letters, spread through the enlightened circuits beginning with Britain, and made the Industrial Revolution happen. Written by America's leading economic historian,A Culture of Growthis magisterial and long overdue."Margaret Jacob, University of California, Los Angeles

"A giant among the masters of economic history, Mokyr has written a brilliant, persuasive, humane, penetrating, and sensationally good book. Mokyr looks at the immensely powerful idea of a progressive Baconian science, which stepped down from theory to enrich the modern world. The range of scholarship is astonishing and this major work will become a standard in the literature on economic growth."--Daron Acemoglu, coauthor ofWhy Nations Fail

"[Mokyr] reminds us that the skirmishing of philosophers and their ideas, the preoccupation of popular historians, is in many ways a sideshow--that the revolution that gave Europe dominance was, above all, scientific, and that the scientific revolution was, above all, an artisanal revolution."--Diane Coyle,Financial Times

"One has to admire the depth of knowledge and the subtlety of Mokyr's argument.... For serious students of the Enlightenment itself, Mokyr's magnum opus will be required reading for a long time to come."--Arnold Kling,Econlib

About the Author

Joel Mokyr is the Robert H. Strotz Professor of Arts and Sciences and professor of economics and history at Northwestern University and Sackler Professor at the Eitan Berglas School of Economics at the University of Tel Aviv. His many books include The Enlightened Economy and The Gifts of Athena (Princeton). He is the recipient of the Heineken Prize for History and the International Balzan Prize for Economic History.

Edition details

• Publisher: Princeton University Press
• Publication date: 2018
• ISBN 10: 0691180962
• ISBN 13: 9780691180960
• Binding: Paperback
• Language: English
• Number of pages: 424