The Spinning Jenny and the Industrial Revolution: A Reappraisal
Why was the Industrial Revolution British? In a recent article published in this Journal , Robert Allen argues that only in England was the price of labor relative to capital high enough to justify the adoption of the labor-saving technologies which characterized the Industrial Revolution. To support his argument, he uses the spinning jenny as a case study. The jenny was indeed an important labor-saving technology that was invented and widely adopted in England but not in France. Allen explains this fact by calculating the returns to adopting the jenny in each country: according to his calculations the jenny was profitable in England but not in France.
Volume (Year): 71 (2011)
Issue (Month): 02 (June)
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