Fruit of the Boom: The Impact of the Industrial Revolution on Economic Growth
Amol Agrawal
Mike Kaiman and Guillaume Vandenbroucke write a short note on impact of industrial revolution:
An economist, an inventor, and an entrepreneur walk into a town… While that sounds like the intro to a somewhat familiar joke, it is the beginning of one of the most important stories in history, which can teach valuable lessons about some basic economic concepts: the impact of economic growth, marginal product of labor, and productivity on workers and employers. Our tale begins in the United Kingdom..