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The Industrial Revolution

In: Handbook of Economic Growth

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  • Clark, Gregory

Abstract

The Industrial Revolution decisively changed economywide productivity growth rates. For successful economies, measured efficiency growth rates increased from close to zero to close to 1% per year in the blink of an eye, in terms of the long history of humanity, seemingly within 50years of 1800 in England. Yet the Industrial Revolution has defied simple economic explanations or modeling. This paper seeks to set out the empirical parameters of the Industrial Revolution that any economic theory must encompass, and illustrate why this makes explaining the Industrial Revolution so difficult within the context of standard economic models and narratives.

Suggested Citation

  • Clark, Gregory, 2014. "The Industrial Revolution," Handbook of Economic Growth,in: Handbook of Economic Growth, edition 1, volume 2, chapter 5, pages 217-262 Elsevier.
  • Handle: RePEc:eee:grochp:2-217
    DOI: 10.1016/B978-0-444-53538-2.00005-8
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Gregory Clark, 2005. "The Condition of the Working Class in England, 1209-2004," Journal of Political Economy, University of Chicago Press, vol. 113(6), pages 1307-1340, December.
    3. Oded Galor & Omer Moav, 2002. "Natural Selection and the Origin of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 117(4), pages 1133-1191.
    4. Gary S. Becker & Kevin M. Murphy & Robert Tamura, 1994. "Human Capital, Fertility, and Economic Growth," NBER Chapters,in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education (3rd Edition), pages 323-350 National Bureau of Economic Research, Inc.
    5. Schofield, R. S., 1973. "Dimensions of illiteracy, 1750-1850," Explorations in Economic History, Elsevier, vol. 10(4), pages 437-454.
    6. Clark, Gregory & Cummins, Neil, 2010. "Malthus to Modernity: England’s First Fertility Transition, 1760-1800," MPRA Paper 25465, University Library of Munich, Germany.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Does Age Heaping Mean the Romans were Innumerate?
      by noreply@blogger.com (David Stern) in Stochastic Trend on 2015-01-11 12:02:00

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    1. repec:eee:macchp:v2-3 is not listed on IDEAS
    2. repec:eee:tefoso:v:128:y:2018:i:c:p:287-295 is not listed on IDEAS
    3. Jones, C.I., 2016. "The Facts of Economic Growth," Handbook of Macroeconomics, Elsevier.

    More about this item

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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