The Enlightened Economy: An Economic History of Britain, 1700-1850 (New Economic History of Britain) (The New Economic History of Britain Series)

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9780300124552: The Enlightened Economy: An Economic History of Britain, 1700-1850 (New Economic History of Britain) (The New Economic History of Britain Series)
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This book focuses on the importance of ideological and institutional factors in the rapid development of the British economy during the years between the Glorious Revolution and the Crystal Palace Exhibition. Joel Mokyr shows that we cannot understand the Industrial Revolution without recognizing the importance of the intellectual sea changes of Britain's Age of Enlightenment. In a vigorous discussion, Mokyr goes beyond the standard explanations that credit geographical factors, the role of markets, politics, and society to show that the beginnings of modern economic growth in Britain depended a great deal on what key players knew and believed, and how those beliefs affected their economic behaviour. He argues that Britain led the rest of Europe into the Industrial Revolution because it was there that the optimal intersection of ideas, culture, institutions, and technology existed to make rapid economic growth achievable. His wide-ranging evidence covers sectors of the British economy often neglected, such as the service industries.

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Review:

`...this spirited and erudite book...'
--Peter Marsh, Financial Times, 23rd January 2010

`Mokyr narrates brilliantly a rich story of modern economic growth... [He] has made a deeply impressive contribution.'
--David Greasley, BBC History Magazine, 1st April 2010

About the Author:

Joel Mokyr is Robert H. Strotz Professor of Arts and Sciences and professor of Economics and History, Northwestern University, and Sackler Professor at the Eitan Berglas School of Economics, Tel Aviv University.

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9780300189513: The Enlightened Economy: An Economic History of Britain 1700-1850 (New Economic History of Britain)

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ISBN 10:  0300189516 ISBN 13:  9780300189513
Publisher: Yale University Press, 2012
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