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The Path to Sustained Growth - England's Transition from an Organic Economy to an Industrial Revolution (Paperback)
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The Path to Sustained Growth - England's Transition from an Organic Economy to an Industrial Revolution (Paperback)
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Before the industrial revolution prolonged economic growth was
unachievable. All economies were organic, dependent on plant
photosynthesis to provide food, raw materials, and energy. This was
true both of heat energy, derived from burning wood, and mechanical
energy provided chiefly by human and animal muscle. The flow of
energy from the sun captured by plant photosynthesis was the basis
of all production and consumption. Britain began to escape the old
restrictions by making increasing use of the vast stock of energy
contained in coal measures, initially as a source of heat energy
but eventually also of mechanical energy, thus making possible the
industrial revolution. In this concise and accessible account of
change between the reigns of Elizabeth I and Victoria, Wrigley
describes how during this period Britain moved from the economic
periphery of Europe to becoming briefly the world's leading
economy, forging a path rapidly emulated by its competitors.
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