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The Industrial Revolution: past and future


  • Robert E. Lucas


\\"We live in a world of staggering and unprecedented income inequality,\\" writes Nobel Laureate Robert Lucas in the 2003 annual report essay. Lucas goes on to use economic history to frame explanations and present possible solutions to this global quandary.

Suggested Citation

  • Robert E. Lucas, 2004. "The Industrial Revolution: past and future," Annual Report, Federal Reserve Bank of Minneapolis, vol. 18(May), pages 5-20.
  • Handle: RePEc:fip:fedmar:y:2004:i:may:p:5-20:n:v18no.1

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    5. Alfredo Félix Blanco, 2020. "On economic inequality and schools of economic thought," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 511-524, December.
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    10. Ehrlich, Isaac & Kim, Jinyoung, 2005. "Endogenous fertility, mortality and economic growth: Can a Malthusian framework account for the conflicting historical trends in population?," Journal of Asian Economics, Elsevier, vol. 16(5), pages 789-806, October.
    11. Juan Carlos Cordoba & Genevieve Verdier, 2005. "Lucas vs. Lucas: On Inequality and Growth," Macroeconomics 0511021, University Library of Munich, Germany.
    12. Córdoba, Juan Carlos & Verdier, Geneviève, 2008. "Inequality and growth: Some welfare calculations," Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 1812-1829, June.
    13. Muhammad Salar Khan, 2021. "Absorptive capacities and economic growth in low and middle income economies," Papers 2109.11550,
    14. Joshua Farley, 2016. "The foundations for an ecological economy: an overview," Chapters, in: Joshua Farley & Deepak Malghan (ed.), Beyond Uneconomic Growth, chapter 1, pages 3-21, Edward Elgar Publishing.
    15. Davide Fiaschi & Tamara Fioroni, 2014. "Transition to Modern Growth: the Role of Technological Progress and Adult Mortality," Discussion Papers 2014/186, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    16. Syed Basher & Francesca Di Iorio & Stefano Fachin, 2020. "Regional Income Dynamics in Bangladesh: The Road to a Balanced Development is in the Middle," DSS Empirical Economics and Econometrics Working Papers Series 2021/1, Centre for Empirical Economics and Econometrics, Department of Statistics, "Sapienza" University of Rome.
    17. Furkan BÖRÜ & Dündar Murat DEMİRÖZ, 2019. "Beşinci ve Altıncı Kondratieff Dalgalarının Teknolojik ve Sosyoekonomik Etkileri," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 69(2), pages 247-283, December.
    18. Wade, Robert Hunter, 2014. "The Piketty phenomenon: why has Capital become a publishing sensation?," LSE Research Online Documents on Economics 60118, London School of Economics and Political Science, LSE Library.
    19. Raül Santaeulàlia-Llopis, 2021. "Economic Activity and Public Health Policy: A Note," Working Papers 1284, Barcelona School of Economics.
    20. Marta R. M. Spreafico, 2017. "Explaining inequality," International Review of Applied Economics, Taylor & Francis Journals, vol. 31(1), pages 145-149, January.
    21. Seher Gülşah Topuz, 2022. "The Relationship Between Income Inequality and Economic Growth: Are Transmission Channels Effective?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 162(3), pages 1177-1231, August.
    22. Radoslaw (Radek) Stefanski, 2016. "Into the Mire: A Closer Look at Fossil Fuel Subsides," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 9(10), March.
    23. Joseph Connors & James Gwartney & Hugo Montesinos‐Yufa, 2020. "The rise and fall of worldwide income inequality, 1820–2035," Southern Economic Journal, John Wiley & Sons, vol. 87(1), pages 216-244, July.


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