Macro Musings with David Beckworth
Mark Koyama on *How the World Became Rich: The Historical Origins of Economic Growth*
Feb 5, 2024
Mark Koyama, an associate professor of economics, discusses the historical origins of economic growth and the key drivers throughout history. Topics include geography, institutions, the Protestant Reformation's influence, Malthusian theory, factors influencing the Industrial Revolution, Rome's lack of industrialization, and future economic growth challenges.
55:49
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Quick takeaways
- The Industrial Revolution in Great Britain was propelled by a combination of factors such as geopolitical advantages, a large internal market, scientific progress, and political fragmentation.
- Various factors, including geography, institutions, culture, demographics, and colonization, interacted with historical contexts to shape different countries' economic trajectories.
Deep dives
The factors behind the Industrial Revolution in Great Britain
The podcast episode explores the reasons why the Industrial Revolution took off in Great Britain. It discusses how a confluence of factors, including geopolitical advantages, a large internal market, scientific progress, and political fragmentation, contributed to Britain's unique industrialization. It emphasizes that no single factor alone can explain the Industrial Revolution, but rather, it was the combination of these factors that propelled Britain ahead of other nations at the time.
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