Although largely absent from modern accounts of the Industrial Revolution, watches were the first mass produced consumer durable, and were Adam Smith’s pre-eminent example of technological progress. In fact, Smith makes the notable claim that watch prices may have fallen by up to 95 per...

Although largely absent from modern accounts of the Industrial Revolution, watches were the first mass produced consumer durable, and were Adam Smith's pre-eminent example of technological progress. In fact, Smith makes the notable claim that watch prices may have fallen by up to 95 per cent...

We measure technological progress in oceanic shipping directly by using a large database of daily log entries from ships of the British and Dutch East India Companies and Navies to estimate daily sailing speed in different wind conditions from 1750 to 1850. Against the consensus among economic...

We measure technological progress in oceanic shipping directly by using a large database of daily log entries from ships of the British and Dutch East India Companies and Navies to estimate daily sailing speed in different wind conditions from 1750 to 1850. Against the consensus among economic...

Although largely absent from modern accounts of the Industrial Revolution, watches were the first mass produced consumer durable, and were Adam Smith's pre-eminent example of technological progress. In fact, Smith makes the notable claim that watch prices may have fallen by up to 95 per cent...

Although largely absent from modern accounts of the Industrial Revolution, watches were the first mass produced consumer durable, and were Adam Smith's pre-eminent example of technological progress. In fact, Smith makes the notable claim that watch prices may have fallen by up to 95 per cent...