EXERCISE GREAT BRITAIN BUT NOT FRANCE Watch our video in which Bob Allen, an economic historian,
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EXERCISE GREAT BRITAIN BUT NOT FRANCE
Watch our video in which Bob Allen, an economic historian, explains his theory of why the Industrial Revolution occurred, when and where it occurred.
- Summarize Allen's statement using the concept of economic rents. What ceteris paribus assumptions are you making?
- What other important factors can explain the rise of energy-intensive technologies in Britain in the 18th century?
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