The lure of aggregates and the pitfalls of the patriarchal perspective: A critique of the high wage economy interpretation of the British industrial revolution.
The newly dominant interpretation of the British industrial revolution contends that Britain was a high wage economy (HWE) and that the high wages themselves caused industrialization by making profitable labour-saving inventions that were economically inefficient in the context of other relative factor prices. Once adopted these macro inventions put Britain on a growth path that transcended the trajectories associated with more labour-intensive production methods. This account of the HWE econ...Expand abstract
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