2min chapter

In Our Time cover image

The Industrial Revolution

In Our Time

CHAPTER

The Role of Knowledge in Economic Growth

There's a sense today that you need free markets, free minds to be creative. Why Britain first? Because it was freer than the rest. Eighteenth century Britain is where creative science is being applied. Newtonian experimental philosophy is diffused through Masonic lodges and coffeehouses. The Royal Society does nothing over the eighteenth century to aid mechanical and technological development.

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