The High Wage Economy and the Industrial Revolution: A Restatement. Robert C. Allen

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Название: The High Wage Economy and the Industrial Revolution: A Restatement

Автор: Robert C. Allen

Издательство: РАНХиГС

Жанр: Экономика

Серия: Working Paper: Economics

isbn: 978-5-7749-0881-3

isbn: 2013

Аннотация:

This article responds to Professor Jane Humphries' critique of my assessment of the high wage economy of eighteenth century British and its importance for explaining the Industrial Revolution. New Evidence is presented to show that women and children participated in the high wage economy. It is also shown that the high wage economy provides a good explanation of why the Industrial Revolution happened in the eighteenth century by showing that increases of women's wages around 1700 greatly increased the profitability of using spinning machinery. The relationship between the high wage economy of the eighteenth century and the inequality and poverty in Britain in the nineteenth century is explored.