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This paper examines the effect of the early adoption of technology on the evolution of human capital and on industrialization, in the context of Britain’s Industrial Revolution. It shows that wrights, a group of highly skilled mechanical craftsmen, who specialized in water-powered machinery in...
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In his seminal book, The Enlightened Economy, Joel Mokyr argued that "in Britain the high quality of workmanship available to support innovation, local and imported, helped create the Industrial Revolution". By these, Mokyr refers to "the top 3-5 percent of the labor force in terms of skills:...
Persistent link: https://www.econbiz.de/10014162124
The aim of this paper is to understand why some economies do not adopt existing technologies. It focuses on the political factor and studies this phenomenon through the distinctive and interesting experience of European growth: the remarkable economic expansion that took place in northwestern...
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