The Spinning Jenny and the Industrial Revolution: A Reappraisal
Why was the Industrial Revolution British? In a recent article published in this <sc>Journal</sc>, 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.
Year of publication: |
2011
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Authors: | Gragnolati, Ugo ; Moschella, Daniele ; Pugliese, Emanuele |
Published in: |
The Journal of Economic History. - Cambridge University Press, ISSN 1471-6372. - Vol. 71.2011, 02, p. 455-460
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Publisher: |
Cambridge University Press |
Description of contents: | Abstract [journals.cambridge.org] |
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