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Technological Change and the British Iron Industry, 1700-1870 (Hardcover)
Loot Price: R3,727
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Technological Change and the British Iron Industry, 1700-1870 (Hardcover)
Series: Princeton Legacy Library
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This book describes technological change in an industry that played
a central role in the Indsutrial Revolution. While earlier scholars
have examined isolated aspects of ironmaking in the eighteenth- and
nineteenth-century Britain, Charles Hyde surveys all aspects of its
development. Costs, prices, profits, shrewd leaders, competition,
new inventions, and productivity all figure in this story of a key
industry during the major period of its evolution. The author's
account illuminates not only the nature of innovation in one
industry, but the nature of technologial change in general. using
new data compiled form the records of the ironmaking concerns,
Professor Hyde considers each of the basic economic variables
affecting entrepreneurial decisions. He finds that ironmaking
advanced through a process of gradual, continuous change rather
than through a series of discrete innovations. The rate of
diffusion of new techniques corresponded to their profitability
when compared to that of existing means of production--a finding
that explains that timing of innovation. Charles K. Hyde is
Assistant Professor of Social Science at Monteith College, Wayne
State University. Originally published in 1977. The Princeton
Legacy Library uses the latest print-on-demand technology to again
make available previously out-of-print books from the distinguished
backlist of Princeton University Press. These editions preserve the
original texts of these important books while presenting them in
durable paperback and hardcover editions. The goal of the Princeton
Legacy Library is to vastly increase access to the rich scholarly
heritage found in the thousands of books published by Princeton
University Press since its founding in 1905.
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