Profit Inflation and the Industrial Revolution, 1751–1800

Earl J. Hamilton

The Quarterly Journal of Economics, 1942, vol. 56, issue 2, 256-273

Abstract: The evolution of machinery, 256. — Commodity prices and money wages, 257. — Real wages, 260. — Profit inflation, 262. — The utilization of mechanical inventions, 263. — Capital formation and the factory system, 264. — Real wages and the market, 267. — Comparisons with other countries and periods: Spain, 267. — France, 270. — The Price Revolution, 270. — Conclusions, 272.

Date: 1942
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