BONUS: The Industrial Revolution: History, Causes and Consequences

Professor Nicholas Crafts discusses some important developments in our interpretations of the Industrial Revolution over recent decades. We discuss how Nick's work, along with that of others, has led to a more sober interpretation of the productivity performance of the British economy during the first Industrial Revolution.  Some of the most prominent theories of the  root causes of the Industrial Revolution are covered as well as potential "disadvantages" of being the first country to experience modern economic growth.