The Economist: The industrial revolution: Why it started in Britain
The Most Powerful Idea in the World: A Story of Steam, Industry, and Invention. By William Rosen. Random House; 400 pages; $28. Jonathan Cape; £20. Buy from Amazon.com, Amazon.co.uk
“REVOLUTION” is an overused word; the latest footling change often hyped into the biggest revolution since the last one. But in the case of the industrial revolution, the mechanical transformation of Britain, and later Europe, during the 18th and 19th centuries, it is entirely justified. William Rosen, an American former editor and publisher, ranks it alongside the invention of agriculture as one of the two most important developments in history.
One peculiar characteristic of the industrial revolution is that it was, at least at first, confined to Britain. That is the mystery this book sets out to explore. Rather than a history of inventions, Mr Rosen’s book is a study of invention itself, the process of tinkering with an existing mechanism to make it better. …
… The author dismisses the more traditional explanations about why the industrial revolution began in Britain—such as an abundance of coal or the insatiable demands of the Royal Navy—concluding, instead, that it was England’s development of the patent system that was the decisive factor. By aligning the incentives of private individuals with those of society, it transformed invention from a hobby pursued by the idle rich into an opportunity for spectacular commercial gain open to anyone with a bit of skill and a good idea. That allowed England to harness the creative potential of its artisan classes in a way that no other country had managed before.
It is a plausible conclusion and Mr Rosen makes a powerful case. Having wisely waited until the very last chapter to reveal that his book, in the end, plumps for intellectual property as the biggest single spur, Mr Rosen retires, content with that thought. That is appropriate in a history, but it would have been interesting to know what Mr Rosen thinks of the way intellectual-capital laws are being challenged at the moment. …
I might have to read this one, but I'm convinced there was more than intellectual property rights that gave birth to the industrial revolution. I think William Bernstein does a more comprehensive analysis.
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