The Enlightened Economy

Joel Mokyr holds the positions of Sackler Professor at the Eitan Berglas School of Economics, Tel Aviv University, and Robert H. Strotz Professor of Arts and Sciences, Economics, and History at Northwestern University.

In the years between the Glorious Revolution and the Crystal Palace Exhibition, the British economy rapidly developed. The Enlightened Economy focuses on the significance of ideological and institutional aspects in that development. Joel Mokyr demonstrates how it is impossible to comprehend the Industrial Revolution without taking into account the significance of the intellectual shifts brought about by Britain's Age of Enlightenment.

Mokyr engages in a spirited debate to show that the early stages of modern economic growth in Britain depended significantly on what key players knew and believed, and how those beliefs affected their economic behavior. Mokyr goes beyond the conventional explanations that give credit to geographical factors, the role of markets, politics, and society. He contends that Britain served as a model for the rest of Europe in the Industrial Revolution because it had the ideal confluence of institutions, institutions, institutions, and technology to enable fast economic progress. His extensive evidence includes service industries and other ignored facets of the British economy.

Author: Joel Mokyr

Link to buy: https://www.amazon.com/dp/0300124554/

Ratings: 4.6 out of 5 stars (fromv 20 reviews)

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