The British Industrial Revolution: An Economic Perspective, Second Edition (American & European Economic History)

Half Title......Page 1
Title......Page 4
Dedication......Page 5
Contents......Page 7
List of Tables and Figures ix
......Page 9
Acknowledgements xi......Page 11
1. Editor's Introduction: The New Economic History and tie Industrial Revolution 1......Page 13
The Industrial Revolution — a Useful Abstraction......Page 14
1. The Social Change School......Page 19
3. The Macroeconomic School......Page 20
4. The Technotopcal School......Page 21
What Was the Industrial Revolution?......Page 30
The Causes of the Industrial Revolution......Page 41
Geography......Page 45
History......Page 47
Technological Creativity......Page 49
Social and Institutional Factors......Page 51
Government and Politics......Page 57
Demand vs. Supply......Page 71
Foreign Trade......Page 79
Science and Technology......Page 88
The Inputs: Labor and Capital......Page 94
Labor......Page 95
Capital......Page 107
The Factory and the Modern Industrial Firm......Page 115
The Consequences: The Standards-Living Debate......Page 126
An Assessment......Page 139
2. Tie Fable of the Dead Horse; or, Tie Industrial Revolution Revisited 128......Page 140
Scholarly Disagreements......Page 142
The Industrial Revolution as Rupture......Page 144
How Fast is Slow?......Page 145
The Uncertainties of Numbers......Page 153
The Value of Old Scholarship......Page 157
Ramifications......Page 163
The Contemporaries Understood......Page 165
Ti e Resilence of Old Ways......Page 168
Accounting for Misunderstanding......Page 169
The Industrial Revolution as Mega-Hfstory......Page 171
3. Reassessing the Industrial Revolution: A Macro View 160......Page 172
Conceptions of the Industrial Revolution......Page 174
New Aggregate Estimates......Page 176
Industrial Production......Page 178
Data......Page 179
Weighting.......Page 181
Comparison of New and Old Estimates......Page 184
Agriculture......Page 187
National Income......Page 190
A Coherent New View of British Growth......Page 191
The Consistency of the Crafts-Harley View 
in a General Equilibrium Model......Page 201
Summary of the Crafts-Barley View......Page 204
The Distribution of Income: An Alternative Focus......Page 205
Williamson's Model of British Industrializati......Page 206
Current Knowledge of Distributional Changes, e. 1700 to c. 1850......Page 208
Competing Overviews of British Growth......Page 211
War......Page 212
Conclusion......Page 217
4. Too Much Revolution: Agriculture in tie Industrial Revolution, 1700-1860 206......Page 218
The Agricultural Revolution Discovered 
from the Industrial Revolution......Page 219
A Biological Revolution?......Page 224
Institutional Innovation......Page 230
Ai Industrious Revolution in the Countryside?......Page 239
Trouble on the Land......Page 242
Agriculture as Producer of Food, Energy and Raw Materials......Page 246
The Industrial Revolution 
Without The Agricultural Revolution......Page 248
Appendix: Measuring Productivity Through Prices......Page 252
5. Tie Role of Education and Skill in tie British Industrial Revolution 241......Page 253
Educational Stagnation?......Page 255
The Direct Contribution of Education to Economic Growth......Page 263
Accounting for the Limited Expansion of Education 
During the Industrial Revolution......Page 269
Trends in the Demand for Educated and SMIied Labor......Page 270
Literacy and Skills in the Early Nineteenth Century British Labor Market......Page 271
Biases in Technical Advance and the Role of Capital-Skill Complementarity......Page 274
Compositional Effects......Page 277
Supply Elasticities of Education and Skill......Page 278
Trends in Skill Premiums......Page 281
Human Capital and Technological Advance......Page 283
Socializing Effects......Page 284
The Allocation of Talent......Page 286
Women's Human Capital and Domestic Skills......Page 288
What Lessons Does the British Case Offer 
for JPLWW' Jnltllilill l 1^Hull-il l 
Contributes to Economic Growth?......Page 290
Bibliography 230......Page 292
About the Book 331......Page 343
About the Contributors 332......Page 344
Index 333......Page 345