A Pull–Push Theory of Industrial Revolutions

Bernard C. Beaudreau ()
Additional contact information
Bernard C. Beaudreau: Université Laval

International Advances in Economic Research, 2023, vol. 29, issue 4, No 7, 303-317

Abstract: Abstract This paper presents a pull–push theory of industrial revolutions. Generalizing from the first industrial revolution in England and the second industrial revolution in the United States, it points to the presence of three necessary conditions, namely (i) the existence of a trigger event which creates (ii) new market opportunities (pull) as well as (iii) new process technologies (push). The result is a novel approach to the underlying cause(s) of industrial revolutions, one that is consistent with both material and non-material views in the literature, as well as with demand-shock and supply-shock views. Furthermore, it is consistent with previous accounts of the 19th-century rise of managerial capitalism. Lastly, it provides a set of necessary conditions for what constitutes an industrial revolution.

Keywords: Industrial Revolutions; Technological Change; Demand Factors (search for similar items in EconPapers)
JEL-codes: O40 O47 O57 Q43 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11294-023-09883-w Abstract (text/html)
Access to full text is restricted to subscribers.

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:kap:iaecre:v:29:y:2023:i:4:d:10.1007_s11294-023-09883-w

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11294

DOI: 10.1007/s11294-023-09883-w

Access Statistics for this article

International Advances in Economic Research is currently edited by Katherine S. Virgo

More articles in International Advances in Economic Research from Springer, International Atlantic Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().