Habakkuk thesis
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The Habakkuk thesis (also referred to as Rothbarth-Habakkuk thesis) is the idea that high wages combined with scarce labour resources brought about technical improvements in the United States in the 19th century. It is named after John Habakkuk (and E Rothbarth).[1][2]
[edit] Modern Applications
Robert C. Allen argues that high wages and cheap energy are key to understanding the British Industrial Revolution.[3]
Roger Cohen gives an example of directed technological change from Denmark [4].
[edit] Sources
Habakkuk, H. J., American and British technology in the nineteenth century (Cambridge, 1962)
Rothbarth, E., ‘Causes of the superior efficiency of USA industry as compared with British industry’, Econ. J., 56 (1946), pp. 383–90.
[edit] References
- ^ Carville, Earle and Hoffman, Ronald (1980) “The Foundation of the Modern Economy: Agriculture and the Costs of Labor in the United States and England, 1800-60″ The American Historical Review, December, 85/5: 1055-1094.
- ^ Leunig, Timothy (2003) A British industrial success: productivity in the Lancashire and New England cotton spinning industries a century ago, The Economic History Review, Volume 56, Issue 1, pages 90–117, February
- ^ [1] Robert C. Allen, 'The British Industrial Revolution in Global Perspective' (New Approaches to Economic and Social History) ISBN 9780521687850
- ^ [2] Roger Cohen in the NY Times, retrieved 2011/03/11
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