The First Knowledge Economy: Human Capital and the European Economy, 1750-1850

Description

Ever since the Industrial Revolution debate has raged about the sources of the new, sustained western prosperity. Margaret Jacob here argues persuasively for the critical importance of knowledge in Europe's economic transformation during the period from 1750 to 1850, first in Britain and then in selected parts of northern and western Europe. This is a new history of economic development in which minds, books, lectures and education become central. She shows how, armed with knowledge and know-how and inspired by the desire to get rich, entrepreneurs emerged within an industrial culture wedded to scientific knowledge and technology. She charts how, across a series of industries and nations, innovative engineers and entrepreneurs sought to make sense and a profit out of the world around them. Skilled hands matched minds steeped in the knowledge systems new to the eighteenth century to transform the economic destiny of western Europe.

Margaret C. Jacob holds an honorary doctoral from the University of Utrecht and has had a session devoted to her work at the American Historical Association's annual convention in 2012. She has worked in archives in four countries and has published thirteen books. The range of her expertise begins with the meaning and impact of the Newtonian synthesis and extends to the Enlightenment more generally, to the Revolution of 1688, the Dutch Revolution of 1747-48, and most recently, the Industrial Revolution seen comparatively. She has taught in American, British and Dutch universities, received the Gottschalk Prize for her first book on the Newtonians and the English Revolution, and is a member of the American Philosophical Society.

'... there is every reason to recommend this book and over its Jacob predecessors and indeed to delight in the research it contains. This is undoubtedly part of the story of industrialization.' Pat Hudson, The Journal of Modern History 'A significant strength is the elimination of economic determinism and the inclusion of knowledge of science into the public equation. Jacob's coherent argument, premised on solid evidence ... unequivocally shows that the first knowledge economy in the world emerged in parallel with the Industrial Revolution.' Fedir V. Razumenko, Canadian Journal of History 'This is a compact and tightly argued book, at its best when refuting Robert Allen's claim that coal and high wages gave Great Britain its edge (see Robert Allen, Industrial Revolution in Global Perspective [Cambridge, 2009]). It is also a provocative read, liable to raise more questions than it answers.' Lissa Roberts, Isis