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Merchants and Mechanics

Exploring the History of Economic Growth

Category: Industrial Revolution

The Industrial Revolution

The Industrial Revolution

January 8, 2018December 28, 2022 Posted in history of economic growth, history of trade and commerce, Industrial Revolution, technological progress

Britain experienced a period of rapid technological progress that forever changed the nature of work, and that allowed it to dominate markets around the world.

The Steam Engine

The Steam Engine

January 1, 2018December 28, 2022 Posted in history of economic growth, history of science, history of technology, Industrial Revolution, technological progress

The steam engine powered a new generation of industrial machinery, and gave rise to modes of transportation that would stitch the world together.

The Scientific Revolution, the Enlightenment, and the Industrial Revolution

The Scientific Revolution, the Enlightenment, and the Industrial Revolution

December 25, 2017February 19, 2023 Posted in economic institutions, history of economic growth, history of science, history of technology, Industrial Revolution, political institutions, property rights

The Industrial Revolution was one aspect of a dramatic change in the way that people thought of themselves and the world in which they lived.

Why Did the Industrial Revolution Happen in Britain in the Eighteenth Century?

Why Did the Industrial Revolution Happen in Britain in the Eighteenth Century?

December 18, 2017February 16, 2023 Posted in history of economic growth, history of technology, history of trade and commerce, Industrial Revolution, technological progress

The Industrial Revolution occurred because labour was expensive relative to capital and coal, making technologies that replaced labour with machines profitable.

The Second Industrial Revolution

The Second Industrial Revolution

December 11, 2017December 28, 2022 Posted in history of economic growth, history of science, history of technology, Industrial Revolution

The Second Industrial Revolution produced a range of new technologies, including industrial chemistry, electric power, and the internal combustion engine.

The Division of the World

The Division of the World

December 9, 2017May 13, 2023 Posted in history of economic growth, history of trade and commerce, Industrial Revolution, technological progress

W. Arthur Lewis explained why the world divided into manufacturers and primary producers, and into prosperous temperate countries and poor tropical countries.

Why Nations Fail:
 Theory is Tidy, History is Messy

Why Nations Fail:
 Theory is Tidy, History is Messy

November 20, 2017December 28, 2022 Posted in economic institutions, history of economic growth, history of trade and commerce, Industrial Revolution, political institutions, property rights, technological progress

Evidence from the Industrial Revolution does not support Acemoglu and Robinson’s claim that the transition to sustained growth always follows the same pattern.

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