scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 2,499
Gilboy vs Mokyr Who is right The Industrial Revolution that began in Britain in the mid 1700s and lasted for about half a century has left many economists debating on its origins and the eternal questions of why and how There has been much research on the topic and many theories have emerged that try and explain some of the shady areas of the topic There has been debate on whether demand or supply was more prevalent in starting the Industrial Revolution such as the work done by Elizabeth Gilboy and Joel Mokyr Gilboys work Demand as a factor in the Industrial Revolution was widely accepted in the economic community when it was first published although it has received criticism One of the critics of the Gilboy thesis is Joel Mokyr who published Reassessing the Industrial Revolution A macro view which was a reworking of the Gilboy thesis The intent of this essay is to compare the works of Gilboy and Mokyr citing importance in their similarities and differences and giving insight into which argument has more merit Gilboys paper starts off by highlighting that in economic history the factor of supply has been overemphasized and that classical economists accepted demand as constant Gilboy states that there was a movement towards the factory system and that this system could not be profitable unless there was growing demand in the society to utilize the products that it produced Therefore there were four conditions necessary for the growth of large-scale production especially in its initial stages 1 a change in economic habits 2 an increase in demand 3 new wants and 4 social and economic mobility If any one of these four factors were present in an economy the others were likely to emerge These four conditions branded a society that was socially unstable standards of living were changing and class lines were not clearly drawn Gilboys thesis is developed and she asserts that an
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA