Understanding the Industrial Revolution

Book excerpt: Understanding the Industrial Revolution is a fresh, new exploration of this economic phenomenon of major importance. It describes theories of economic growth, shows how these can be applied to the revolution and discusses them in the light of modern research. Furthermore, it places the debate surrounding the social effects of industrialisation into the context of economic change during the period. This book includes discussion of: * theories on the supply of capital * role of labour * innovation and entrepreneurship * the significance of transport * the impact of industrialisation on living standards. Each aspect of the Industrial Revolution in Britain is discussed in depth, focusing on the important debates and reviewing the most recent research.