The High Wage Economy and the Industrial Revolution: A Restatement

Robert Allen

Published Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: This article responds to Professor Jane Humphries’ critique of my assessment of the high wage economy of eighteenth century British and its importance for explaining the Industrial Revolution. New Evidence is presented to show that women and children participated in the high wage economy. It is also shown that the high wage economy provides a good explanation of why the Industrial Revolution happened in the eighteenth century by showing that increases of women’s wages around 1700 greatly increased the profitability of using spinning machinery. The relationship between the high wage economy of the eighteenth century and the inequality and poverty in Britain in the nineteenth century is explored.

Keywords: high wage economy; industrial revolution (search for similar items in EconPapers)
JEL-codes: J31 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2013
Note: Language: russian
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: The high wage economy and the industrial revolution: a restatement (2015)
Working Paper: The High wage Economy and the Industrial Revolution: A Restatement (2013)
Working Paper: The High Wage Economy and the Industrial Revolution: A Restatement (2013)
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