Causes of the British Industrial Revolution
The Industrial Revolution happened in Britain because by the 19-th century the eternal problem faced by humankind, i.e. the problem of hunger, had been resolved on a local scale. Thanks to a unique combination of factors, Britain just overtook the other West European countries (for a short period of time in historical terms) in the understanding that the value of food “depreciates”.
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- BLINOV, Sergey, 2013. "Time Is Money. Theory of Value Depreciation," MPRA Paper 51902, University Library of Munich, Germany.
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