Landes traces the development of technology in Europe beginning with the Industrial Revolution in Britain. He frames the context of the book by differentiating between "industrial revolution" with small letters, versus the capitalized "Industrial Revolution (IR)." The former is defined as the general shift to mechanization and inanimate power. The IR is the interrelation of many changes: 1. the substitution of machines for...
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"It was the Industrial Revolution, writes historian David S. Landes, "that initiated a cumulative, self sustaining advance in technology whose repercussions would be felt in all aspects of economic life." He goes on to demonstrate that the Industrial Revolution had a birth, maturation, and decline. According to Landes, European nations reached these three stages of development at different intervals thus evoking varying degrees...
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The task professor Landes have tried to achieve, and what he produces along it, is more important than that whole consistency of his work. Professor Landes makes economic history, not only describing historical processes but analyzing them with key concepts taken from basic economic theory.Technological change creates opportunities for economic growth, but it could not explain, by itself, the whole historical process. Legal...
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The Unbound Prometheus was published in 1969, so it is not exactly the latest call about economic history since 1750. But Landes makes a very good job at summarizing the basics about the most important economic issues of the past two hundred years: the role of market integration and technological change in Industrial Revolution (though, for the latter, see also Mokyr's Lever of Riches), the role of free trade in the mid-19th...
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