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Weekend Reading: Peter Temin (1997): Two Views of the Industrial Revolution (Brad DeLong's Grasping Reality...)
Peter Temin (1997): Two Views of the British Industrial Revolution:1
ABSTRACT: There are two views of the British Industrial Revolution in the literature today. The more traditional description sees the Industrial Revolution as a broad change in the British economy and society. This broad view of the Industrial Revolution has been challenged by Crafts and Harley who see the Industrial Revolution as the result of technical change in only a few industries. This article presents a test of these views using the Ricardian model of international trade with many goods. British trade data are used to implement the test and discriminate between the two views of the Industrial Revolution.
