Engels' pause: Technical change, capital accumulation, and inequality in the british industrial revolution

Explorations in Economic History

Volumn 46, Issue 4, 2009, Pages 418-435

  Allen, Robert C ^a,b  

^a NUFFIELD COLLEGE   (United Kingdom)

^b UNIVERSITY OF OXFORD   (United Kingdom)

Author keywords

British industrial revolution; Inequality; Investment; Kuznets curve; Savings

Indexed keywords

EID: 69249221355     PISSN: 00144983     EISSN: 10902457     Source Type: Journal    
DOI: 10.1016/j.eeh.2009.04.004     Document Type: Article

References (67)

1. Abramovitz, Moses, David, Paul, 2001. American Macroeconomic Growth: From Exploitation of Natural Resource Abundance to Knowledge-Driven Development, Stanford Institute of Economic Policy Research, SIEPR Discussion Paper 01-005.
2. Acemoglu D.K. Labor- and capital-augmenting technical change. Journal of the European Economic Association 1 (2003) 1-37
3. Allen R.C. Enclosure and the Yeoman (1992), Clarendon Press, Oxford
4. Allen, Robert C., 1994. Agriculture during the industrial revolution. In: Floud, R., McCloskey, D. (Eds.), The Economic History of Britain since 1700, vol. I. 1700-1860, Cambridge University Press, Cambridge, pp. 96-122.
5. Allen R.C. The great divergence in European wages and prices from the middle ages to the first world war. Explorations in Economic History 38 (2001) 411-447
6. Allen, Robert C., 2005. English and Welsh agriculture, 1300-1850: output, inputs, and income.
7. Allen, Robert C., 2007. Pessimism Preserved: Real Wages in the British Industrial Revolution. Oxford University, Department of Economics, Working Paper 314.
8. Antràs P. Is the US aggregate production function Cobb-Douglas? New estimates of the elasticity of substitution. Contributions to Macroeconomics 4 (2004)
9. Antràs P., and Voth J. Productivity growth and factor prices during the British Industrial Revolution. Explorations in Economic History 40 (2003) 52-77
10. Berndt E. Reconciling alternative estimates of the elasticity of substitution. Review of Economics and Statistics 58 (1976) 59-68
11. Broadberrry, Stephen, Földvári, Péter, van Leeuwen, Bas, 2006. British economic growth and the business cycle, 1700-1850.
12. Broadberry S., and Gupta B. The early modern great divergence: wages, prices and economic development in Europe and Asia, 1500-1800. Economic History Review 59 (2006) 2-31
13. Broadberry, Stephen, Gupta, Bishnupriya, 2006b. Wages, Induced Innovation and the Great Divergence: Lancashire, India and Shifting Competitive Advantage in Cotton Textiles, 1700-1850, revised version CEPR discussion paper 5183.
14. Christensen L., Jorgenson D., and Lau L. Conjugate duality and the transcendantal logarithmic production function. Econometrica 39 4-6 (1971) 255-256
15. Clark, Gregory, 2001. The secret history of the industrial revolution.
16. Clark G. Land rental values and the agrarian economy: England and Wales, 1500-1914. European Review of Economic History 6 (2002) 281-308
17. Clark G. The condition of the working class in England, 1209-2004. Journal of Political Economy 113 (2005) 1307-1340
18. Clark G. What made Britannia great? How much of the rise of Britain to world dominance by 1850 does the Industrial Revolution explain. In: Hatton T., O'Rourke K., and Taylor A. (Eds). Comparative Economic History: Essays in Honor of Jeffrey Williamson (2007), MIT Press, Cambridge 33-57
19. Clark G. A Farewell to Alms: A Brief Economic History of the World (2007), Princeton University Press, Princeton
20. Colquhoun P. A Treatise on Indigence (1806), J. Hatchford, London
21. Crafts N.F.R. British Economic Growth during the Industrial Revolution (1985), Clarendon Press, Oxford
22. Crafts N.F.R. English workers' real wages during the industrial revolution: some remaining problems. Journal of Economic History 45 (1985) 139-144
23. Crafts N.F.R. Steam as a general purpose technology: a new growth accounting perspective. Economic Journal 114 (2004) 338-351
24. Crafts N.F.R., and Harley C.K. Output growth and the industrial revolution: a restatement of the Crafts-Harley view. Economic History Review 45 second series (1992) 703-730
25. David, Paul, 1978. Lecture Notes on the US Growth in the Nineteenth Century: Simulating 'The Grand Traverse' and 'The Cantabridgian Synthesis', The University of Cambridge, Lent Term. Available from: .
26. David P.A., and van de Klundert. Biased efficiency growth and capital-labor substitution in the US, 1899-1960. American Economic Review 55 (1965) 357-393
27. Deane P. Contemporary estimates of national income in the first half of the nineteenth century. Economic History Review 8 new series (1956) 339-354
28. Deane P., and Cole W.A. British Economic Growth, 1688-1959. second ed. (1969), Cambridge University Press, Cambridge
29. Diewert W.E. Exact and superlative index numbers. Journal of Econometrics 4 (1976) 115-145
30. Engels, Frederick, 1845. In: Henderson, W.O., Chaloner, W.H. (Eds.), The Condition of the Working Class in England, Basil Blackwell, Oxford, 1958.
31. Feinstein C.H. National Income, Expenditure, and Output in the United Kingdom, 1856-1965 (1972), Cambridge University Press, Cambridge
32. Feinstein C.H. Capital formation in Great Britain. In: Mathias P., and Postan M.M. (Eds). Cambridge Economic History of Europe. The Industrial Economies: Capital, Labour, and Enterprise, Part I, Britain, France, Germany, and Scandinavia vol. VII (1978), Cambridge University Press, Cambridge
33. Feinstein C.H. Sources and methods of estimation for domestic reproducible fixed assets, stocks and works in progress, overseas assets, and land. In: Feinstein C.H., and Pollard S. (Eds). Studies in Capital Formation in the United Kingdom, 1750-1920 (1988), Clarendon Press, Oxford 258-471
34. Feinstein C.H. Wage-earnings in Great Britain during the industrial revolution. In: Begg I., and Henry S.G.B. (Eds). Applied Economics and Public Policy (1998), Cambridge University Press, Cambridge 181-208
35. Feinstein C.H. Pessimism Perpetuated: real wages and the standard of living in Britain during and after the industrial revolution. Journal of Economic History 58 (1998) 625-658
36. Galor O., and Moav O. Das Human-Kapital: a theory of the demise of the class structure. Review of Economic Studies 73 (2006) 85-117
37. Goldin C., and Katz L.F. The origins of technology-skill complementarity. Quarterly Journal of Economics 113 (1998) 693-732
38. Harley C.K. Reassessing the industrial revolution: a macro view. In: Mokyr J. (Ed). The British Industrial Revolution: An Economic Perspective (1993), Westview Press, Boulder 171-226
39. Harley, C. Knick, 2006. Cotton textiles and the industrial revolution: competing models and evidence of prices and profits.
40. Horrell S. Home demand and British industrialisation. Journal of Economic History 56 (1996) 561-604
41. Horrell S., and Humphries J. Old questions, new data, and alternative perspectives: families' living standards in the industrial revolution. Journal of Economic History 52 (1992) 849-880
42. Hudson P. The Genesis of Industrial Capital: A Study of the West Riding Wool Textile Industry, c. 1750-1850 (1986), Cambridge University Press, Cambridge
43. Jackson R.V. The structure of pay in nineteenth-century britain. Economic History Review 40 second series (1987) 561-570
44. Kalecki M. A theory of profits. Economic Journal 52 (1942) 258-267
45. Kaldor N. Alternative theories of distribution. Review of Economic Studies 23 (1956) 83-100
46. Layard P.R.G., Sargan J.D., Ager M.E., and Jones D.J. Qualified Manpower and Economic Performance (1971), Allen Lane, London
47. Lewis W.A. Economic development with unlimited supplies of labour. Manchester School of Economics and Social Studies 22 (1954) 139-191
48. Lindert P.H., and Williamson J.G. Revising England's social tables, 1688-1913. Explorations in Economic History 19 (1982) 385-408
49. Lucas R.E. Labor-capital substitution in US manufacturing. In: Harberger A., and Bailey M.J. (Eds). The Taxation of Income from Capital (1969), The Brookings Institution, Washington, DC 223-274
50. Matthews R.C.O., Feinstein C.H., and Odling-Smee J.C. British Economic Growth, 1856-1973 (1982), Stanford University Press, Stanford
51. McAdam, Peter, Willman, Alpo (2006). "The Medium Run Redux," presented to the Royal Economic Society annual conference.
52. McCulloch, J.R., 1847. A Descriptive and Statistical Account of the British Empire, Longman, Brown, Green, and Longmans, London.
53. Mitch D. Education and skill of the British labour force. In: Floud R., and Johnson P. (Eds). The Cambridge Economic History of Modern Britain. Industrialisation, 1700-1860 vol. I (2004), Cambridge University Press, Cambridge 332-356
54. Mokyr, Joel, Savin, N. Eugene, 1976. Stagflation in historical perspective: the Napoleonic wars revisited. In: Uselding, Paul (Ed.), Research in Economic History, vol. I, pp. 198-259.
55. Norton, Trist, Gilbert, 1889. A century of land values: England and Wales. reprinted in Carus-Wilson, E.M. (Ed.), Essays in Economic History, vol. III, St. Martin's Press, New York, pp. 128-131.
56. O'Rourke K.H. The European grain invasion, 1870-1913. Journal of Economic History 57 (1997) 775-801
57. O'Rourke K.H., and Williamson J.G. Globalization and History: The Evolution of a Nineteenth Century Atlantic Economy (1999), The MIT Press, Cambridge
58. O'Rourke K.H., and Williamson J.G. From Malthus to Ohlin: trade, industrialisation and distribution since 1500. Journal of Economic Growth 10 (2005) 5-34
59. Samuelson P.A., and Modigliani F. The Pasinetti paradox in neoclassical and more general models. Review of Economic Studies 33 (1966) 269-301
60. Sokoloff K. Was the transition from the artisanal shop to the nonmechanized factory associated with gains in efficiency? evidence from the US manufacturing censuses of 1820 and 1850. Explorations in Economic History 21 (1984) 351-382
61. Solow R.M. A contribution to the theory of economic growth. Quarterly Journal of Economics 70 (1956) 65-94
62. Temin P. Two views of the British industrial revolution. Journal of Economic History 57 (1997) 63-82
63. Temin P., and Voth H.-J. Credit rationing and crowding out during the industrial revolution: evidence from Hoare's bank, 1702-1862. Explorations in Economic History 42 (2005) 325-348
64. Turner M.E., Beckett J.V., and Afton B. Agricultural Rent in England, 1690-1914 (1997), Cambridge University Press, Cambridge
65. Van Zanden, Jan Luiten, 2005. Cobb-Douglas in Pre-Modern Europe: Simulating Early Modern Growth, International Institute of Social History, Working Paper. Available from:.
66. Williamson J.G. The impact of the Corn laws just prior to repeal. Explorations in Economic History 27 (1990) 123-156
67. Williamson J.G. Did British Capitalism Breed Inequality? (1985), Allen & Unwin, Boston