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Modern economic growth started in the West in the early nineteenth century. This survey discusses the precise connection between the Industrial Revolution and the beginnings of growth, and connects it to the intellectual and economic factors underlying the growth of useful knowledge. The...
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This chapter surveys the history of modern economic growth and suggests a number of mechanisms that drove the unprecedented technological thrust that account for the discontinuities of economic modernity. The Industrial Revolution and the subsequent developments did not just raise the level of...
Persistent link: https://www.econbiz.de/10014025174
During the Industrial Revolution technological progress and innovation became the main drivers of economic growth. But why was Britain the technological leader? We argue that one hitherto little recognized British advantage was the supply of highly skilled, mechanically able craftsmen who were...
Persistent link: https://www.econbiz.de/10013068131
In this paper we explore the response of the supply of human capital to changes in demand in the British Industrial Revolution. We use annual information from the Stamp Tax registers on apprentices in England between 1710-1803 and examine the response of tuitions to changes in the annual number...
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