The Industrial Revolution: A Translation into Modern English

Download or read book The Industrial Revolution: A Translation into Modern English written by Arnold Toynbee and published by Industrial Systems Research. This book was released on 2020-01-08 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: An easier-to-read current language version of the 1884 classic – with a new extended editorial foreword. Arnold Toynbee’s 1884 book is the pioneering general study of the Industrial Revolution. The author combines history and economics to examine its key features, causes and effects. Toynbee rejects the notion that economic development is subject to any immutable “iron laws”. For him, there are no fixed limits to cultivatable land, food supplies, population increase or general economic growth and performance. Improvements in real wages, rents, profits and interest rates can continue indefinitely. In addition, no class has a predetermined place in the economy and society. Toynbee speculates about the future of the working classes and possibilities for improving their material conditions. However, he finds the Marxist doctrine of state Socialism inevitably replacing free market enterprise without basis in economic or historical fact. This modernized version translates the book into current English to improve its readability and understandability. Contents: Editorial foreword 1. Introduction 2. England in 1760: population 3. England in 1760: agriculture 4. England in 1760: manufacturing and trade 5. England in 1760: the decline of the yeomanry 6. England in 1760: the condition of the wage earners 7. The mercantilist system and Adam Smith 8. The chief features of the Revolution 9. The growth of pauperism 10. Malthus and the law of population 11. The wage-fund theory 12. Ricardo and the growth of rent 13. Two theories of economic progress 14. The future of the working classes