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- Title
Entrepreneurship and a Probabilistic View of the British Industrial Revolution.
- Authors
Crafts, N.F.R.
- Abstract
This article comments on W.W. Rostow's views on the author's article related to England or Great Britain as a superior economy over France in terms of the innovations driving the Industrial Revolution. The author says that his concerned with the achievement of the decisive innovations that led to structural change in the form of the Industrial Revolution. It is not obvious that the greater innovational zeal which Rostow alleges was present in late-eighteenth-century England reflected a greater likelihood of coming up with and using spectacular and strategic improvements, any more than Germany was guaranteed the invention of the Gilchrist-Thomas process a century later. The author says that on the more general content of Rostow's comment, it seems to him that, although Rostow has accepted the probabilistic standpoint, he has not fully explored the ramifications of this position. In this view of the world it will not do to talk, as he does, only of the later decades of the century when, as the Industrial Revolution gathers pace in Britain, the relative standing of the two economies is changing.
- Subjects
UNITED Kingdom; INDUSTRIAL revolution; ROSTOW, W. W. (Walt Whitman), 1916-2003; ECONOMIC history; INVENTIONS; TECHNOLOGICAL innovations
- Publication
Economic History Review, 1978, Vol 31, Issue 4, p613
- ISSN
0013-0117
- Publication type
Article
- DOI
10.2307/2595753