In spite of many setbacks, living standards have trended upwards over the last 10,000 years. One of my main interests as an economist has been to understand the sources of this trend and its broad effects. The key driving force is new technologies. We are better off than our Victorian ancestors, not because we have more of what they had but because we have new things, such as airplanes and indoor plumbing. However, these new technologies have also brought some unfortunate side effects. We need to understand that dealing with these successfully depends, not on returning to the use of previous technologies, but on developing newer technologies such as wind and solar power.
This highly readable, best-selling book explains how the West’s free-market economies grew rich while others stagnated. (1) The West provided the freedom to innovate in products processes and organizations while other societies resisted these activities. (2) The West’s diffusion of economic power from a centralised political sphere to a decentralized economic sphere was essential in establishing and maintaining this freedom. (3) The West’s market-based institutions allowed successful innovators to earn large gains while unsuccessful innovators and non-innovating firms suffered losses. (4) The growth of Western science nurtured economic growth produced by innovators who were typically well-versed in engineering and Newtonian mechanistic science.
How did the West,Europe, Canada, and the United States,escape from immemorial poverty into sustained economic growth and material well-being when other societies remained trapped in an endless cycle of birth, hunger, hardship, and death? In this elegant synthesis of economic history, two scholars argue that it is the political pluralism and the flexibility of the West's institutions,not corporate organization and mass production technology,that explain its unparalleled wealth.
The author provides a fascinating and readable account of how eight technologies transformed social and political-military structures. His four military technologies are: metal weapons, first bronze, then iron; heavy cavalry, whose introduction had much to do with the declining ability of the Roman empire to defeat the barbarians; artillery, that ended the Medieval use of castles as fortresses; steam transport that facilitated spatial movement in a way that foot and horse travel could not. The four informational technologies are writing, that created the first efficient bureaucracies; printing, that spread literacy to the masses; mass media that allowed information (and misinformation) to penetrate deeply into society; and the modern ICT revolution whose consequences were not fully obvious when the author wrote.
Dudley attempts to impose a pattern on the entire history of human civilization. He shows how the major transformations in the character of social life have been determined by eight significant innovations: four new ways of dealing with information - writing, printing, mass media and integrated circuits; and four new ways of organizing the applications of violence - metal weapons, artillery, steam transport and heavy cavalry. Military and informational technologies are so crucial because they are instrumental in holding states together, while innovation in itself tends to produce new economies of scale.
David Fletcher needs a surgeon, stat! But when he captures a British merchantman in the Caribbean, what he gets is Charley Alcott, an apprentice physician barely old enough to shave. Needs must, and Captain Fletcher takes the prisoner back aboard his ship with orders to do his best or he’ll…
When we began our research on our book, we were surprised to read challenges to the conventional view we had been taught that the Middle Ages were a time of largely stagnant Western societies. The source of this new view is in several books, including the one recommended here. Gimpel challenges the traditional view writing instead: “The Middle Ages introduced machinery into Europe on a scale no civilization had previously known.” He goes on to chronicle the ingenuity that architects, engineers, and other technicians devoted to innovations in agriculture, light industry, construction, and mining ̶ innovations that anticipated, and were often credited to, later figures of the Renaissance.
A close examination of the industrial life and institutions of the Middle Ages and of that inventiveness that laid the foundations for our present technologically oriented society
Using the modern view of science, many economic historians have sought to diminish the effects of science on the technologies in the 18th and 19th centuries. This wonderful book by a sociologist documents how science, as it was then practiced, pervaded the whole structure of British society, from preachers teaching that Newton had revealed the architecture that God had imposed during creation, to a journal teaching Newtonian science to women. As Jacob puts it: “The role of science…was not that of general laws leading to the development of specific applications. Instead it…[provided] the theoretical mechanics and the practical mathematics that facilitated technological change. Brought together by a shared technical vocabulary of Newtonian origin, engineers and entrepreneurs…negotiated…the mechanization of workshops or the improvement of canals, mines, and harbours.
This book seeks to explain the historical process by which in the seventeenth and eighteenth centuries scientific knowledge became an integral part of the culture of Europe and how this in turn led to the Industrial Revolution. Comparative in structure, Jacob explains why England was so much more successful at this transition than its continental counterparts.
A spy school for girls amidst Jane Austen’s high society.
Daughters of the Beau Monde who don’t fit London society’s strict mold are banished to Stranje House, where the headmistress trains these unusually gifted girls to enter the dangerous world of spies in the Napoleonic wars. #1 NYT bestselling author…
This book fills the gap on the place that the State plays in modern technological advances. It agrees with our subsequent research that the non-market sector plays a critical part in modern technological change. As the author says: “From the Internet to biotech and even shale gas, the US State had been the key diver of innovation-led-growth—willing to invest in the most uncertain phase of the innovation cycle and let business hop on for the easier ride down the way.”
In this sharp and controversial expose, Mariana Mazzucato debunks the pervasive myth that the state is a laggard, bureaucratic apparatus at odds with a dynamic private sector. She reveals in detailed case studies, including a riveting chapter on the iPhone, that the opposite is true: the state is, and has been, our boldest and most valuable innovator. Denying this history is leading us down the wrong path. A select few get credit for what is an intensely collective effort, and the US government has started disinvesting from innovation. The repercussions could stunt economic growth and increase inequality. Mazzucato teaches us…
A lifetime of economic policy advising teaches me the importance of technology. To this end, my co-authors and I discuss in Chapters 4-5 how 24 important technologies have transformed our lives over the millennia. Chapter 6 locates institutional changes in the Middle Ages as an important cause of the Industrial Revolution that turned episodic into sustained economic growth. Chapter 7 argues that this Revolution did not occur in China because it lacked the key institutions present in the West. Chapters 16-17 consider the policy implications of technology being continually evolving rather than constant or changing for unexplained reasons, as often assumed in economics textbooks.
A guide to navigating the book's more challenging parts (those not referred to above) is available at [email protected].
From the author of Washington’s Spies, the thrilling story of two rival secret agents — one Confederate, the other Union — sent to Britain during the Civil War.
The South’s James Bulloch, charming and devious, was ordered to acquire a clandestine fleet intended to break Lincoln’s blockade, sink Northern…
A wild land too mountainous to be tamed by plows. A duke of the empire, his cunning overshadowed only by his ambitions. A young priestess of the Old Religion, together with a charismatic outlaw, sparking a rebellion from deep within the forests.…
