Gragnolat, Ugo M.; Moschella, Daniele; Pugliese, Emanuele - In: Cliometrica, Journal of Historical Economics and … 8 (2014) 1, pp. 5-26
Scale economies and demand, combined with the relative prices of input factors, can provide an economic explanation to the location and timing of the Industrial Revolution. Its labor-saving innovations were profitable only above a minimum output threshold, which allowed to cover the upfront cost...