The Industrial Revolution

Britain experienced a period of rapid technological innovation during the late eighteenth and early nineteenth centuries. The way in which work was done changed radically, and British goods rose to dominance in markets around the world…

The Steam Engine

The steam engine is generally considered to be the most revolutionary invention of the Industrial Revolution. It would power a new generation of industrial machinery; and it would give rise to two transportation technologies, railways and steamships, that would stitch the world together…

The Scientific Revolution, the Enlightenment, and the Industrial Revolution

The Industrial Revolution was influenced by both the Scientific Revolution and the Enlightenment…

Why Nations Fail:
 Theory is Tidy, History is Messy

Acemoglu and Robinson argue that sustained growth is almost always attained in a particular way: inclusive political institutions develop first, followed by inclusive economic institutions, followed by growth. They recognize the boldness of their claim…