Why Was British Growth So Slow During the Industrial Revolution
Bibliographic Data
| ID | 10104032 |
|---|---|
| Authors | Jeffrey G Williamson (Harvard University Press, corresponding author) |
| Year | 1984 |
| Volume | 44 |
| Issue | 3 |
| Pages | 687-712 |
| Publication date | 1984-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050700032320 |
| OpenAlex | W2047293421 |
| Language | EN |
| Citations received | 52 |
| References cited | 43 |
Although it has been labeled the “First Industrial Revolution,” British growth and industrialization was slow between the 1760s and the 1820s. The explanation seems to lie with low capital formation shares in national income, low rates of accumulation, and thus little change in the capital-labor ratio. What accounts for the modest investment rates? Lack of thrift? Weak investment demand? This paper argues that the answer is to be found in the enormous debt issues used, to finance the French Wars
Capital (architecture · Capital investment · Debt · Economics · Industrial Revolution · Industrialisation · Investment (military · Macroeconomics · Market economy · Monetary economics · Political science · Economic Growth and Productivity · Economic Theory and Policy · Finance · Historical Economic and Social Studies · History · Law
The European Family and Economy
Bondage
Entrepreneurship
Predators and Parasites
Tracking the growth of government securities investing in early modern England and Wales
Integrating the Historiography of the Nineteenth‐century Gold Rushes
Globalisation, migration, trade and growth
The Historical Content of the Classical Labor Surplus Model
The Impact of the Irish on British Labor Markets During the Industrial Revolution
Tontines, Public Finance, and Revolution in France and England, 1688-1789
The Contribution of Overseas Savings to the Funded National Debt of Great Britain, 1750-1815
Commodity Price Volatility and World Market Integration since 1700
Entrepreneurship
Does Decline Make Sense? The West Indian Economy and the Abolition of the British Slave Trade
The Development of India's Defence‐Industrial Base
Crowding Out during Britain's Industrial Revolution
The Intellectual Origins of Modern Economic Growth
Pessimism Perpetuated
Constitutions and Commitment
Exogenous or Endogenous Growth? The Industrial Revolution Reconsidered
The Emergence of a National Capital Market in England, 1710–1880
Was England Really Superior to France
Interest Rates and Crowding-Out During Britain's Industrial Revolution
The use of general equilibrium analysis in economic history
British business history
Crowding out
Singularity or Aberration? A Response to Buzan and Lawson
La Revolucion Industrial y la Nueva Historia Economica (I)
Explaining Past Changes in Consumption and Consumer Behavior
La révolution industrielle manquée
Real Estate Regulations in Accra
The impact of the Corn Laws just prior to repeal
The Great Divergence in European Wages and Prices from the Middle Ages to the First World War
Factor prices and productivity growth during the British industrial revolution
Growth, equality, and history
Was Spain different? Spanish historical backwardness revisited
Specification and structure in economic history
Rates of interest in 18th century England
Credit rationing and crowding out during the industrial revolution
Interest Rate Restrictions in a Natural Experiment
War contracting and artillery production in Spain
Defense Burdens, Capital Formation, and Economic Growth
Do Ourselves Credit and Render a Lasting Service to Mankind
Économie et Politique. Les marchés du crédit à Paris, 1750-1840
Wages in Britain during the Industrial Revolution
Gentlemanly Capitalism and British Expansion Overseas I. The Old Colonial System, 1688-1850
Rehabilitation Sustained
The Interest Rate Effect of Dutch Money in Eighteenth-Century Britain
Government expenditure and British economic growth in the eighteenth century
Not an ordinary bank but a great engine of state
Taxation and economic growth in eighteenth-century England
Foreign capital flows in the century of Britain's industrial revolution
Principles of political economy
On the principles of political economy, and taxation.
Did British Capitalism Breed Inequality?
British economic growth, 1688-1959
American inequality
Agricultural Revolution 1750-1880
The population history of England, 1541-1871
Making of the English Working Class
Economic Development with Unlimited Supplies of Labour
Inflation-Induced Distortions in Government and Private Saving Statistics
British Economic Growth, 1700-1831
Are Government Bonds Net Wealth
Private Savings
The Ricardian Nonequivalence Theorem
Barro on the Ricardian Equivalence Theorem
The Standard of Life of the Workers in England. 1790–1830
Watersheds and Turning Points
British Industrialization Before 1841
Economic Progress and Policy in Developing Countries
Revising England's social tables 1688–1812
National income estimates and the British standard of living debate
Reinterpreting Britain's social tables, 1688–1913
War and the British economy, 1793–1815 a general equilibrium analysis
The Wealth of Britain 1085-1966
Japanese Economic Growth. Trend Acceleration in the Twentieth Century
Economic Progress and Policy in Developing Countries
Shares of Upper Income Groups in Income and Savings
Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt
Inequality, Accumulation, and Technological Imbalance
An Economic History of England
Seasons and Prices. The Role of the Weather in English Agricultural History
English Workers' Living Standards during the Industrial Revolution
English Economic Growth in the Eighteenth Century
The Economics of the Wartime Shortage
English Workers'Living Standards During the Industrial Revolution
| Unique citing works | 52 |
|---|---|
| Citations per year | 1,24 |
| Citation span | 1984 - 2023 (40) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 51 |