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Demand as a factor in the industrial revolution: A historical note

  • Conference paper
Escaping Satiation

Abstract

The debate on whether the Industrial Revolution was demand- or supply-determined is using a neoclassical framework which seems unsuitable to analyze the more interesting issues of the historical events leading to modern economic growth. Instead, a dynamic and evolutionary framework to analyze “knowledge” as a historical entity is proposed, in which we study the institutional and cultural factors that lead to a sudden and irreversible change in the dynamics of technological progress in Western Europe in the eighteenth century.

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Author information

Authors and Affiliations

  1. Departments of Economics and History, Northwestern University, 2003 Sheridan Rd., Evanston, IL, 60208-2600, USA

    Joel Mokyr

Authors
  1. Joel Mokyr
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Editor information

Editors and Affiliations

  1. Evolutionary Economics Unit, Max Planck Institute for Research into Economic Systems, Kahlaische Str. 10, 07745, Jena, Germany

    Ulrich Witt

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© 2001 Springer-Verlag Berlin Heidelberg

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Mokyr, J. (2001). Demand as a factor in the industrial revolution: A historical note. In: Witt, U. (eds) Escaping Satiation. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-04528-2_6

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  • DOI: https://doi.org/10.1007/978-3-662-04528-2_6

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-07563-6

  • Online ISBN: 978-3-662-04528-2

  • eBook Packages: Springer Book Archive

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