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550 pages, Hardcover
First published January 1, 2010
The Enlightenment was the reason that the Industrial Revolution was the beginning of modern economic growth and not another technological flash in the pan. In previous ages, new techniques, even revolutionary ones, soon crystalised around the dominant designs that emerged and after a while progress fizzled out. Invention before the Industrial Revolution had been an event, an efflorescence, rather than a continuous process.
The comprehensiveness of the book is both a triumph, and a curse. For example, on page 352 there is a discussion of methods of capital accounting in the early Industrial Revolution which includes references to the Dowlais Iron Company, Vitruvius the Roman writer, an eighteenth century accounting manual by John Mair, John Smeaton the engineer, Joshua Milne a cotton spinner, and Sidney Pollard the modern historian. . . But at the end of this discussion, informed as we are, it is evident little would have changed in Britain by 1850 had these early entrepreneurs been clearer on depreciation accounting.