EconPapers    
Economics at your fingertips  
 

Why Was British Growth So Slow During the Industrial Revolution?

Jeffrey G. Williamson

The Journal of Economic History, 1984, vol. 44, issue 3, 687-712

Abstract: 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.

Date: 1984
References: Add references at CitEc
Citations: View citations in EconPapers (60) Track citations by RSS feed

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:jechis:v:44:y:1984:i:03:p:687-712_03

Access Statistics for this article

More articles in The Journal of Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().

 
Page updated 2023-03-05
Handle: RePEc:cup:jechis:v:44:y:1984:i:03:p:687-712_03