The Second Industrial Revolution

2018 ◽  
pp. 231-258
2017 ◽  
Vol 77 (1) ◽  
pp. 39-89 ◽  
Author(s):  
Michael Huberman ◽  
Christopher M. Meissner ◽  
Kim Oosterlinck

Belle Époque Belgium recorded an unprecedented trade boom. Exploiting a new granular trade dataset, we find that the number of products delivered abroad and destinations serviced more than doubled in less than 40 years. To explain this remarkable achievement, we study the relationship between trade costs and the intensive and extensive margins of trade. The establishment of a foreign diplomatic network that lowered beachhead costs and enabled the entry of new products was an essential fact of the trade boom. Interestingly, the expansion in trade in certain sectors did not translate into faster productivity growth. We offer some explanations.


Author(s):  
Marion Thain

This second case study of Part I focuses on the English Parnassian revival, and, specifically, on Gleeson White’s definitive anthology of Parnassian poetry (featuring poets such as Graham R. Tomson, W. E Henley, John Payne and A. Mary F. Robinson). The chapter argues for the strict metrical structures of the Parnassian poet as engaging not in a nostalgia for a secure and orderly ideal of the past, but with the machine and commodity rhythms and forms of the ‘second’ industrial revolution. This engagement with the past in fact a means of engaging with the present. Ultimately asking what kind of historicism the new Parnassians were practicing in their borrowing of medieval French forms, the chapter finds models that speak to Benjaminian, post-Enlightenment, ideals, and move lyric away from the older, Hegelian lyric temporalities.


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