Demand vs. Supply in the Industrial Revolution

1977 ◽  
Vol 37 (4) ◽  
pp. 981-1008 ◽  
Author(s):  
Joel Mokyr
Keyword(s):  
Technological Change ◽  
Western Europe ◽  
Industrial Revolution ◽  
Induced Technological Change ◽  
Decisive Importance

It has been widely believed that demand elements, jointly with supply shifts, were crucial in determining the timing, location, and general characteristics of the Industrial Revolution in England and Continental Western Europe. The possible forms which the role of demand might have taken are specified and examined both theoretically and empirically. While demand factors cannot be ruled out altogether, they were definitely of a secondary order of importance. Neither exogenous increases in the demand for manufactures, nor induced technological change are likely to have been a factor of decisive importance. A macroeconomic interpretation of the “demand hypothesis” is examined and rejected.

scholarly journals Psychoanaliza i patriarchalizm. Uwagi na temat emancypacyjnego przesłania teorii Freuda w kontekście dziejów psychoanalizy w Polsce 1900–1939

2021 ◽  
Vol 10 (2) ◽  
pp. 393-414
Author(s):  
Paweł Dybel
Keyword(s):  
Social Life ◽  
Western Europe ◽  
Social Impact ◽  
Industrial Revolution ◽  
Developed Countries ◽  
The United States ◽  
First Case ◽  
History Of ◽  
The Developed Countries

Psychoanalysis and patriarchalism. Comments on the emancipation claim of Freud’s theory within the history of psychoanalysis in Poland 1900–1939: The article is a polemic with how Eli Zaretsky captures the role of Freud’s psychoanalysis in transforming the self-knowledge of modern societies in his Secrets of the soul. According to Zaretsky, in Central European countries, Poland included, psychoanalysis then served in the democratization of social life and led to the destruction of the patriarchal order; while in Western countries it became medicated, becoming a tool of social control. The author considers both of these claims to be problematic. In the first case, this is due to the limited social impact of Freud’s theory until 1939, in the second, basing this theory on patients’ personal unconscious, it supported their release from the influence of tradition and served them in making free life decisions. This was because in the period up to 1939, in the countries of Central Europe, the second industrial revolution was not as advanced as in the developed countries of Western Europe and the United States. So only in these last countries has psychoanalysis become socially popular and one has witnessed the dynamic development of the psychoanalytic movement.

European Industry 1700-1870

2008 ◽  
Vol 49 (2) ◽  
Author(s):  
Stephen Broadberry ◽  
Rainer Fremdling ◽  
Peter M. Solar
Keyword(s):  
Economic Analysis ◽  
Technological Change ◽  
Economic History ◽  
Quantitative Methods ◽  
Industrial Revolution ◽  
General Purpose ◽  
Gradual Process ◽  
European Industry ◽  
Path Dependent

AbstractThis paper offers an overview of the development of European industry between 1700 and 1870, drawing in particular on the recent literature that has emerged following the formation of the European Historical Economics Society in 1991. The approach thus makes use of economic analysis and quantitative methods where appropriate. There are a number of important revisions, compared with previous accounts of Europe’s Industrial Revolution, particularly as embodied in the major existing textbooks on European economic history. First, the Industrial Revolution now emerges as a more gradual process than was once implied by the use of the take-off metaphor. Nevertheless, the scale of the structural transformation that occurred during the process of industrialisation continues to justify the use of the term Industrial Revolution. Second, although the emphasis on the central role of technological change is not new, we use economic analysis to shed new light on the process. Drawing on a model of technological choice first introduced by Paul David, we emphasise the importance of factor prices for the initial switch to modern capital intensive production methods in Britain, the rate of diffusion of these methods to other countries and path dependent technological change. In the cotton industry, particular emphasis is placed on the role of high wages, while in the iron industry, the price of coal is seen to play an important part. We also draw on the idea of a General Purpose Technology to evaluate the role of steam power.

The Role of Technological Change in the Long-run Global Economy Forecasting

2013 ◽  
pp. 97-116 ◽  
Author(s):  
A. Apokin
Keyword(s):  
Technological Change ◽  
Data Quality ◽  
Long Range ◽  
Global Economy ◽  
World Economy ◽  
Qualitative Approaches ◽  
Long Run ◽  
The World ◽  
National Economies

The author compares several quantitative and qualitative approaches to forecasting to find appropriate methods to incorporate technological change in long-range forecasts of the world economy. A?number of long-run forecasts (with horizons over 10 years) for the world economy and national economies is reviewed to outline advantages and drawbacks for different ways to account for technological change. Various approaches based on their sensitivity to data quality and robustness to model misspecifications are compared and recommendations are offered on the choice of appropriate technique in long-run forecasts of the world economy in the presence of technological change.

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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