a column by Joel Mokyr, Assaf Sarid and Karine van der Beek for VOX: CEPR’s Policy Portal
The consensus among economic historians has been that Britain’s leadership during the Industrial Revolution owed little to the school system. But recent work on human capital suggests that we should rethink this consensus on the role of human capital.
This column shows how millwrights – highly skilled carpenters who specialised in constructing and repairing watermills – had a persistent effect on the mechanisation of textile- and iron-making and on the economic expansion that was taking place on the eve of the Industrial Revolution.
Continue reading There are some really interesting graphs and charts.
Labels:
Industrial_Revolution, human_capital, spillovers, wrights,
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