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…

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

The central feature of the Industrial Revolution was technological innovation on an unprecedented scale, so explaining the time and place of the innovation is tantamount to explaining the time and place of the Industrial Revolution. Why did this wave of innovation occur in Britain in the eighteenth century?

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…