Machines and economic growth: The implications for growth theory of the history of the industrial revolution

1995 ◽  
Vol 17 (3) ◽  
pp. 545
Keyword(s):  
Economic Growth ◽  
Industrial Revolution ◽  
Growth Theory ◽  
History Of

scholarly journals A Review of Gregory Clark's A Farewell to Alms: A Brief Economic History of the World

2008 ◽  
Vol 46 (4) ◽  
pp. 946-973 ◽  
Author(s):  
Robert C Allen
Keyword(s):  
Economic Growth ◽  
Middle Class ◽  
Economic History ◽  
Industrial Revolution ◽  
Empirical Support ◽  
Living Standards ◽  
Preventive Check ◽  
The World ◽  
History Of

A Farewell to Alms advances striking claims about the economic history of the world. These include (1) the preindustrial world was in a Malthusian preventive check equilibrium, (2) living standards were unchanging and above subsistence for the last 100,000 years, (3) bad institutions were not the cause of economic backwardness, (4) successful economic growth was due to the spread of “middle class” values from the elite to the rest of society for “biological” reasons, (5) workers were the big gainers in the British Industrial Revolution, and (6) the absence of middle class values, for biological reasons, explains why most of the world is poor. The empirical support for these claims is examined, and all are questionable.

Notes on Shipping and Trade in Japan and the Ryukyus

1964 ◽  
Vol 23 (3) ◽  
pp. 377-381 ◽  
Author(s):  
Sydney Crawcour
Keyword(s):  
Economic Growth ◽  
Industrial Revolution ◽  
European History ◽  
Modern Economic Growth ◽  
History Of ◽  
Modern Economic

The fact that England, the home of the Industrial Revolution and modern economic growth, was also a leading shipping and trading nation, at one time prompted the notion that flourishing overseas trade and modern economic growth are somehow related. There are, of course, plenty of examples in European history of once flourishing trading nations which failed to industrialize. Spain, Portugal, the Hanseatic ports, and the Italian trading cities never became centres of industry. Moreover, such comparatively industrialized areas as Czechoslovakia and Prussia were not leading trading centres.

Growth Theory for Ancient Economies

2012 ◽  
Author(s):  
Peter Temin
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Industrial Revolution ◽  
Growth Theory ◽  
Human Welfare

This chapter reviews the theory of economic growth and the problems of measuring it. It reveals that scholars trying to understand Roman macroeconomics are in far worse shape than economists dealing with more recent economies. A brief survey of some existing research on the level of Roman and Greek income shows that there is a variety of data that could be used to estimate Roman economic growth. An index of human welfare might seem appropriate to indicate the existence and extent of economic growth, but it could be too broad. Another possible measure of economic growth is an index of structural change. The idea of an Industrial Revolution and the place of industry in the economy today suggest that industrialization can be used as a measure of economic growth.

scholarly journals Technological Changes in Economic Growth Theory: Neoclassical, Endogenous, and Evolutionary-Institutional Approach

2016 ◽  
Vol 54 (2) ◽  
pp. 177-194 ◽  
Author(s):  
Dragoslava Sredojević ◽  
Slobodan Cvetanović ◽  
Gorica Bošković
Keyword(s):  
Economic Growth ◽  
Diffusion Of Innovation ◽  
Industrial Revolution ◽  
Growth Theory ◽  
Technological Changes ◽  
Policy Makers ◽  
Key Driver ◽  
The Creation ◽  
Evolutionary Growth ◽  
And Diffusion

Abstract The aim of the research in this paper is to analyse the issue of the treatment of the category of technological changes within the main aspects of economic growth theory. The analysis of the key positions of neoclassical theory (Solow), endogenous approach (Romer), and evolutionary growth theory (Freeman) advocates has pointed to the conclusion that these approaches agree on the fact that the category of technological changes is a key generator of economic growth. Neoclassicists were the first to explicitly analyse the category of technological changes in growth theory. They exerted a strong influence on a large number of governments to allocate significant funds for scientific and research development, to stimulate the creation and diffusion of innovation. Supporters of endogenous theory also see the category of technological changes as a key driver of economic growth. Unlike neoclassicists, they emphasise the importance of externalities, in the form of technological spillover and research and development activities, for the creation and diffusion of innovation. Finally, evolutionary and institutional economists explore the category of technological changes inseparably from the economic and social environment in which they are created and diffused. Recommendations of this research can be of particular use to economic growth and development policy makers in the knowledge economy, whose basic and substantial feature is the so-called fourth industrial revolution

A Farewell to Alms: A Brief Economic History of the WorldGregory Clark (2007). Princeton: Princeton University Press, 418 pp., US$29.95, ISBN 978 0 691 12135 2

2008 ◽  
Vol 11 (2) ◽  
pp. 243-245
Author(s):  
Hiram Caton
Keyword(s):  
Economic Growth ◽  
Economic History ◽  
Industrial Revolution ◽  
Costs And Benefits ◽  
Half Century ◽  
Princeton University ◽  
History Of ◽  
Fundamental Phenomenon

AbstractEconomics arranges its topics as Big, Medium, and Small. Mr Big is the Industrial Revolution: How did it happen, and when? Whence did it spread, and at what rate? What were the costs and benefits? The literature is vast and the answers are numerous. But it organizes around a fundamental phenomenon: from about 1800, economic growth began an upward climb that in fifty years captured the world's purse and that in another half century had increased the wealth of industrial nations many times. Intoxication with this achievement is expressed in museums of science and industry and on websites featuring the Paris Exhibition of 1889 and the Chicago Exhibition of 1893.

2018 Nobel Economics Prize: Integrating Climate Change Measures into Sustainable Economic Growth

2018 ◽  
Vol 34 (4) ◽  
Author(s):  
Nguyen Thi Thuc An ◽  
Dau Kieu Ngoc Anh
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Endogenous Growth ◽  
Environmental Issues ◽  
Growth Theory ◽  
Endogenous Growth Theory ◽  
Technological Advances ◽  
Academy Of Sciences ◽  
Sustainable Economic Growth

The 2018 Nobel Economics Prize was awarded to two American economists - William D. Nordhaus and Paul M. Romer - who designed methods for better assessing environmental issues and technological advances on growth. This year’s Laureates, Nordhaus was the first person to create an intergrated model to assess interactions between society and nature and Romer laid the foundation for what is now called endogenous growth theory. According to the Swedish Royal Academy of Sciences, these two macroeconomists’ research have helped “significantly broaden the scope of economic analysis by constructing models that explain how the market economy interacts with nature and knowledge” which integrates climate change measures into long-term sustainable economic growth. Keywords Nobel in economics, William D. Nordhaus, Paul M. Romer, climate change, endogenous growth theory, economic growth References [1] Y Vân (2018), “Lý lịch 'khủng' của hai nhà khoa học vừa giành giải Nobel Kinh tế 2018”, Vietnambiz, đăng tải ngày 08/10/2018, https://vietnambiz.vn/ly-lich-khung-cua-hai-nha-khoa-hoc-vua-gianh-giai-nobel-kinh-te-2018-95776.html[2] Jonas O. Bergman, Rich Miller (2018), “Nordhaus, Romer Win Nobel for Thinking on Climate, Innovation”, đăng tải ngày 8/10/2018, https://www.bloomberg.com/news/articles/2018-10-08/nordhaus-romer-win-2018-nobel-prize-in-economic-sciences [3] Antonin Pottier (2018), “Giải Nobel” William Nordhaus có thật sự nghiêm túc?”, Nguyễn Đôn Phước dịch, đăng tải ngày 11/10/2018, http://www.phantichkinhte123.com/2018/10/giai-nobel-william-nordhaus-co-that-su.html[4] Thăng Điệp (2018), “Giải Nobel kinh tế 2018 về tay hai người Mỹ”, đăng tải ngày 8/10/2018, http://vneconomy.vn/giai-nobel-kinh-te-2018-ve-tay-hai-nguoi-my-20181008185809239.htm[5] Lars P. Syll (2018), “Cuối cùng - Paul Romer cũng có được giải thưởng Nobel”, Huỳnh Thiện Quốc Việt dịch, đăng tải ngày 14/10/2018, http://www.phantichkinhte123.com/2018/10/cuoi-cung-paul-romer-cung-co-uoc-giai.html[6] Phương Võ (2018), “Nobel Kinh tế 2018: Chạm tới bài toán khó của thời đại”, đăng tải ngày 9/10/2018, https://nld.com.vn/thoi-su-quoc-te/nobel-kinh-te-2018-cham-toi-bai-toan-kho-cua-thoi-dai-20181008221734228.htm[7] Đông Phong (2018), “Nobel Kinh tế cho giải pháp phát triển bền vững và phúc lợi người dân”, đăng tải ngày 8/10/2018, https://news.zing.vn/nobel-kinh-te-cho-giai-phap-phat-trien-ben-vung-va-phuc-loi-nguoi-dan-post882860.html[8] Thanh Trúc (2018), “Giải Nobel kinh tế 2018: Thay đổi tư duy về biến đổi khí hậu”, https://tusach.thuvienkhoahoc.com/wiki/Gi%E1%BA%A3i_Nobel_kinh_t%E1%BA%BF_2018:_Thay_%C4%91%E1%BB%95i_t%C6%B0_duy_v%E1%BB%81_bi%E1%BA%BFn_%C4%91%E1%BB%95i_kh%C3%AD_h%E1%BA%ADu[9] Cẩm Anh (2018), “Nobel kinh tế 2018: Lời giải cho tăng trưởng kinh tế bền vững”, đăng tải ngày 11/10/2018, http://enternews.vn/nobel-kinh-te-2018-loi-giai-cho-tang-truong-kinh-te-ben-vung-137600.html.

Internet of Things as Engine of Economic Growth in Indonesia

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Bambang Widagdo ◽  
Mochamad Rofik
Keyword(s):  
Economic Growth ◽  
Internet Of Things ◽  
Industrial Revolution ◽  
The Internet ◽  
Economic Diversification ◽  
Great Opportunity ◽  
Economic Basis ◽  
Network Quality ◽  
The Internet Of Things

The economic diversification concept gives hope for a country with rich natural resources to strengthen its economic basis. Thus industrial revolution era of 4.0 provides great opportunity to fasten the process. A study by McKensey in 2011 proved that the internet in the developing country contributes around 3.4% towards its GDP which means that the internet has become a new hope for the economy in the future. Indonesia is one of the countries that is attempting to maximize the role of the Internet of Things (IoT) for its economic growth.� The attempt has made the retail and tourism industries as the two main sectors to experience the significant effect of IoT. In the process of optimizing the IoT to support the economic growth, Indonesia faces several issues especially in the term of the internet network quality and its distribution, the inclusive access of financial access and the infrastructure

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