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The lure of aggregates and the pitfalls of the patriarchal perspective: A critique of the high wage economy interpretation of the British industrial revolution.

Abstract:

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...

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Authors


Jane Humphries More by this author
Journal:
Economic History Review
Publication date:
2012
DOI:
URN:
uuid:b3e38dce-edfb-49ed-931b-12c075d9b59b
Local pid:
oai:economics.ouls.ox.ac.uk:15448
Language:
English

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