Introduction -- Tooke's contributions -- Tooke's approach to value and distribution -- On Tooke's explanation of agricultural price movements -- An explanation of general price movements -- The monetary thought of the pre-banking school Tooke, 1819-1838 -- The monetary thought of the banking...

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...