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Stage one: the Industrial Revolution in Britain

In: A History of the Global Economy

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Abstract

This chapter resumes the narrative, with the British Industrial Revolution as its main theme. It analyses the timing of the revolution, weighing explanations which emphasise an abrupt change of pace or a more gradual build up. It considers at some length the enabling conditions assisting the transition – increasing security, civility and autonomy. It devotes attention to alternative arguments which seek to explain why Britain was the pioneer: first, an argument based on contingency or chance; and secondly, an argument based on the impact of changes in the price of factors of production on technological choices which resulted in a significant saving of labour by the use of more capital and energy. The chapter analyses the nature of the discontinuity, focusing on the revolutionary change in technologies and organisation, and summarises in turn the reasons why the venue was Eurasia, why Europe and why Britain.

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  • ., 2018. "Stage one: the Industrial Revolution in Britain," Chapters, in: A History of the Global Economy, chapter 20, pages 355-374, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18481_20
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    File URL: https://www.elgaronline.com/view/9781788971973.00031.xml
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    Cited by:

    1. Ines Lindner & Holger Strulik, 2020. "Innovation And Inequality In A Small World," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(2), pages 683-719, May.
    2. Ho, Calvin K. & McAuley, Kimberley B. & Peppley, Brant A., 2019. "Biolubricants through renewable hydrocarbons: A perspective for new opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 113(C), pages 1-1.
    3. Ahmadisedigh, Hossein & Gosselin, Louis, 2019. "Combined heating and cooling networks with waste heat recovery based on energy hub concept," Applied Energy, Elsevier, vol. 253(C), pages 1-1.
    4. Ahmadisedigh, Hossein & Gosselin, Louis, 2022. "Combined heating and cooling networks with part-load efficiency curves: Optimization based on energy hub concept," Applied Energy, Elsevier, vol. 307(C).
    5. Kim, Sehoon & Connerton, Timothy Paul & Park, Cheongyeul, 2021. "Exploring the impact of technological disruptions in the automotive retail: A futures studies and systems thinking approach based on causal layered analysis and causal loop diagram," Technological Forecasting and Social Change, Elsevier, vol. 172(C).

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    Keywords

    Development Studies; Economics and Finance;

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