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The Lever of RichesTechnological Creativity and Economic Progress$
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Joel Mokyr

Print publication date: 1992

Print ISBN-13: 9780195074772

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195074772.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 27 November 2021

The Industrial Revolution: Britain and Europe

The Industrial Revolution: Britain and Europe

(p.239) Chapter Ten The Industrial Revolution: Britain and Europe
The Lever of Riches

Joel Mokyr

Oxford University Press

This chapter examines why Britain managed, for about a century, to generate and diffuse superior production techniques at a faster rate than the Continent, and to serve as a model that all European nations wished to emulate; and how and why it eventually lost its leadership and technology. It observes that technological success depended on both the presence of positive elements and on the absence of negative ones. The chapter notes that the generation of technological ideas and the ability to implement them are among the positive factors that provide technological successes. It further observes that one crucial difference between Britain and the Continent that helped Britain to establish its head start was its endowment of skilled labor at the onset of the Industrial Revolution.

Keywords:   Britain, Continent, European nations, technological ideas, skilled labor, Industrial Revolution

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