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The Lure of Aggregates and the Pitfalls of the Patriarchal Perspective: A Critique of the High Wage Economy Interpretation of the British Industrial Revolution

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  • Jane Humphries

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    (University of Oxford)

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    Abstract

    The newly dominant interpretation of the British industrial revolution contends that Britain was a high wage economy (HWE) and that the high wages themselves caused industrialization by making profitable labour-saving inventions that were economically inefficient in the context of other relative factor prices. Once adopted these macro inventions put Britain on a growth path that transcended the trajectories associated with more labour-intensive production methods. This account of the HWE economy is misleading because it focuses on men and male wages, underestimates the relative caloric needs of women and children and bases its views of living standards on an ahistorical and false household economy. A more realistic depiction of the working-class family in these times provides an alternative explanation of inventive and innovative activity based on the availability of cheap and amenable female and child labour and thereby a broader interpretation of the industrial revolution.

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    Bibliographic Info

    Paper provided by Economics Group, Nuffield College, University of Oxford in its series Oxford University Economic and Social History Series with number _091.

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    Length: 36 pages
    Date of creation: 19 Jul 2011
    Date of revision:
    Handle: RePEc:nuf:esohwp:_091

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    Web page: http://www.nuff.ox.ac.uk/economics/

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    Cited by:
    1. Eric B. Schneider, 2012. "Real Wages and the Family: Adjusting Real Wages to Changing Demography in Pre-Modern England," Economics Series Working Papers Number 99, University of Oxford, Department of Economics.
    2. Eric Schneider, 2012. "Prices and Production: Agricultural Supply Response in Fourteenth-Century England," Economics Series Working Papers Number 97, University of Oxford, Department of Economics.
    3. Aled Davies, 2012. "The Evolution of British Monetarism: 1968-1979," Economics Series Working Papers Number 104, University of Oxford, Department of Economics.
    4. Aled Davies, 2012. "The Evolution of British Monetarism: 1968-1979," Oxford University Economic and Social History Series _104, Economics Group, Nuffield College, University of Oxford.

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