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Accounting for the Industrial Revolution

By Andrew Coulson - May 24, 2013

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This is the most important question in economics: Why did the Industrial Revolution happen when and where it did–and not before or elsewhere? Fail to understand that and you may enact policies that will kill the unprecedented human progress it launched: a multiplication in the average worldwide per-capita income of between 16 and 100 times in the span of just 200 years. Compare that to the...

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Andrew Coulson

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