The Mechanics of the Industrial Revolution
|Title:||The Mechanics of the Industrial Revolution||Authors:||Kelly, Morgan; Mokyr, Joel; Ó Gráda, Cormac||Permanent link:||http://hdl.handle.net/10197/11440||Date:||Jun-2020||Online since:||2020-07-24T13:30:59Z||Abstract:||For contemporaries, Britain’s success in developing the technologies of the early Industrial Revolution rested in large part on its abundant supply of artisan skills, notably in metalworking. In this paper we outline a simple process where successful industrialization occurs in regions that start with low wages and high mechanical skills, and show that these two factors strongly explain the growth of the textile industry across the 41 counties of England between the 1760s and 1830s. By contrast, literacy and access to capital have no power in predicting industrialization, nor does proximity to coal. Although unimportant as a source of power for early textile machinery, Britain’s coal was vital as a source of cheap heat that allowed it over centuries to develop a unique range of sophisticated metalworking industries. From these activities came artisans, from watchmakers to iron founders, whose industrial skills were in demand not just in Britain but across all of Europe. Against the view that living standards were stagnant during the Industrial Revolution, we find that real wages rose sharply in the industrializing north and collapsed in the previously prosperous south.||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Start page:||1||End page:||60||Series/Report no.:||UCD Centre for Economic Research Working Paper Series; WP2020/16||Copyright (published version):||2020 the Authors||Keywords:||Skilled labour; Power sources; Market integration; Standard of living; Industrial Revolution; Great Britain||Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
Show full item record
This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.