The Industrial Revolution as a historical concept has many shortcomings. A new concept industrious revolution is proposed to place the Industrial Revolution in a broader historical setting. The industrious revolution was a process of household-based resource reallocation that increased both the supply of marketed commodities and labor and the demand for market-supplied goods. The industrious revolution was a household-level change with important demand-side features that preceded the Industrial Revolution, a supply-side phenomenon. It has implications for nineteenth- and twentieth-century economic history.
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Volume (Year): 54 (1994) Issue (Month): 02 (June) Pages: 249-270 Download reference. The following formats are available: HTML
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