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The Enlightened Economy: An Economic History of Britain, 1700-1850
by Joel Mokyr
Yale University Press, 564 pp., $45
by Joel Mokyr
Yale University Press, 564 pp., $45
The Industrial Revolution is the inflection point of economic history. During all the millennia before that revolution, incomes were static and humans were poor—often hungry, inadequately clothed, ill-housed. But somehow, in the two-and-a-half centuries since humanity learned to mass produce, a large number of ordinary people have acquired more material comfort than even the wealthiest magnates of the pre-industrial era. A modern Wal-Mart would have been a place of incalculable riches to Charlemagne.
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