British Industrialization Before 1841: Evidence of Slower Growth During the Industrial Revolution

The British Industrial Revolution

Princes and Merchants: European City Growth before the Industrial Revolution*

As measured by the pace of city growth in western Europe from 1000 to 1800, absolutist monarchs stunted the growth of commerce and industry. A region ruled by an absolutist prince saw its total urban population shrink by one hundred thousand people per century relative to a region without absolutist government. This might be explained by higher rates of taxation under revenue-maximizing absolut...

The British Industrial Revolution in Global Perspective

During the past two decades, Robert Allen’s researches into English agriculture have fundamentally reshaped our understanding of the nature and pace of rising agricultural productivity between the late middle ages and the 19th century. More recently, Allen has turned his attention to the study of real wages as a measure of economic development and begun investigating the progress of wages in ot...

The British Industrial Revolution in Global Perspective: How Commerce Created The Industrial Revolution and Modern Economic Growth by

Credit Rationing and Crowding out during the Industrial Revolution: Evidence

Why was growth so slow during the British Industrial Revolution? More than a decade ago, Jeff Williamson proposed "crowding-out" as a result of Britain's numerous wars as a key mechanism, but little empirical evidence existed to support it. We argue that examinations of interest rates are fundamentally misguided. The eighteenthand early nineteenth-century private loan market balanced through qu...