The Growth Of The British Economy 1700 1850

For both contemporaries and later historians the Industrial Revolution is viewed as a turning point' in modern British history. There is no doubt that change occurred, but what was the nature of that change and how did affect rural and urban society? Beginning with an examination of the nature of history and Britain in 1700, this volume focuses on the economic and social aspects of the Industrial Revolution. Unlike many previous textbooks on the same period, it emphasizes British history, and deals with developments in Wales, Scotland, and Ireland in their own right. It is the emphasis on the diversity, not the uniformity of experience, on continuities as well as change in this crucial period of development, which makes this volume distinctive. In his companion title Richard Brown completes his examination of the period and looks at the changes that took place in Britain's political system and in its religious affiliations.

"In a vigorous discussion, which goes beyond the standard explanations that credit geographical factors, the role of markets, politics and society, Mokyr argues that the bases of the emergence of modern economic growth in Britain are to be found in what key players knew and believed, and how those convictions affected their economic behaviour. The belief in progress, coupled with the strategies to bring it about led Britain, and eventually most of the western world, into the modern era." "With a remarkably wide range of reference, and covering sectors of the British economy often neglected, this masterful book both synthesizes existing scholarship and provides a wholly new perspective for understanding Britain's economic development in the ageof the Industrial Revolution." --Book Jacket.

Revisionist analysis

In recent years, traditional views of a rapidly growing British economy between 1700 and 1850 have been overturned by convincing new research indicating that British economic growth was, in fact, relatively slow during much of the so-called industrial "revolution". This revisionist work, which is certain to profoundly affect any future scholarship on the subject, is the first to give a fully documented account of the new picture of British economic development that has recently emerged. Bringing together the results of the latest research, Crafts explores how the new growth estimates hold vital implications for our understanding of productivity, living standards, structural change, and international trade in 18th- and 19th-century Britain.

The most up-to-date and comprehensive survey of recent British economic history currently available.

This collection of chapters focuses on the regulation of the British economy in the long eighteenth century as a means to understand the synergies between political, social and economic change as Britain was transformed into a global power. Inspired by recent research on consumerism and credit, an international team of leading academics examine the ways in which state and society both advanced and responded to fundamental economic changes. The studies embrace all aspects of the regulatory process, from developing ideas on the economy, to the passage of legislation, and to the negotiation of economic policy and change in practice. They range broadly over Britain and its empire and also consider Britain's exceptionality through comparative studies. Together, the book challenges the general characterization of the period as a shift from a regulated economy to a more laissez-faire system, highlighting the uncertain relationship between the state and economic interests across the long eighteenth century.