Book contents
- Frontmatter
- Contents
- List of tables
- List of figures
- List of maps
- List of boxes
- Foreword
- Introduction: What is economic history?
- 1 The making of Europe
- 2 Europe from obscurity to economic recovery
- 3 Population, economic growth and resource constraints
- 4 The nature and extent of economic growth in the pre-industrial epoch
- 5 Institutions and growth
- 6 Knowledge, technology transfer and convergence
- 7 Money, credit and banking
- 8 Trade, tariffs and growth Karl Gunnar Persson and Paul Sharp
- 9 International monetary regimes in history by Karl Gunnar Persson and Paul Sharp
- 10 The era of political economy: from the minimal state to the Welfare State in the twentieth century
- 11 Inequality among and within nations: past, present, future
- 12 Globalization and its challenge to Europe
- Glossary by Karl Gunnar Persson and Marc P. B. Klemp
- Index
6 - Knowledge, technology transfer and convergence
- Frontmatter
- Contents
- List of tables
- List of figures
- List of maps
- List of boxes
- Foreword
- Introduction: What is economic history?
- 1 The making of Europe
- 2 Europe from obscurity to economic recovery
- 3 Population, economic growth and resource constraints
- 4 The nature and extent of economic growth in the pre-industrial epoch
- 5 Institutions and growth
- 6 Knowledge, technology transfer and convergence
- 7 Money, credit and banking
- 8 Trade, tariffs and growth Karl Gunnar Persson and Paul Sharp
- 9 International monetary regimes in history by Karl Gunnar Persson and Paul Sharp
- 10 The era of political economy: from the minimal state to the Welfare State in the twentieth century
- 11 Inequality among and within nations: past, present, future
- 12 Globalization and its challenge to Europe
- Glossary by Karl Gunnar Persson and Marc P. B. Klemp
- Index
Summary
Industrial Revolution, Industrious Revolution and Industrial Enlightenment
The pre-industrial era witnessed a number of ground-breaking innovations and improvements, but they were typically generated by learning by doing. Producers learned that things worked, but had limited understanding of why things worked. From the seventeenth century, decisive efforts were directed towards gaining more and better knowledge of the ‘laws of nature’. However, it is wrong to believe that the British Industrial Revolution, the period 1770–1830, was based on a scientific understanding of production processes. Decisive steps were taken in that period towards a more profound understanding of nature, but these accomplishments had little immediate impact on production technologies. The iconic invention of the eighteenth century, the steam engine, is the exception that confirms this rule. The steam engine developed by Thomas Newcomen (1663–1729) relied on the results of scientific inquiry from the preceding century by the Italians Galileo Galilei (1564–1642) and Evangelista Torricelli (1608–97), the Dutchman Christiaan Huygens (1629–95), and Otto von Guericke (1602–86), a German, regarding atmospheric pressure, the weight of air and the nature of a vacuum. In the first generation of steam engines, the steam was condensed in a cylinder, which created a vacuum, and then the piston was pushed into the cylinder by atmospheric pressure.
The massive breakthrough of technologies, which sprang out of abstract theoretical inquiry coupled with empirical testing, did not arrive until the second half of the nineteenth century and mostly in the closing decades of that century.
- Type
- Chapter
- Information
- An Economic History of EuropeKnowledge, Institutions and Growth, 600 to the Present, pp. 92 - 128Publisher: Cambridge University PressPrint publication year: 2010