Niall Ferguson,

Civilization: The West and the Rest


The Industrial Revolution: How the West Eclipsed Asia

Like the French Revolution  before it, the British Industrial  Revolution spread across  Europe. But this was a peaceful  conquest. . . The first true  cotton mill, Richard  Arkwright's at Cromford in  Derbyshire, was built in 1771.  Within seven years a copy  appeared in France ... The  Americans, who had the  advantage of being able to  grow their own cotton ... were  a little slower: the first cotton  mill appeared in Bass River,  Massachusetts, in 1788.    ... In 1800 seven out of the  world's ten biggest cities had  still been Asian, and Beijing  had still exceeded London in  size. By 1900, largely as a  result of the Industrial  Revolution, only one of the  biggest was Asian; the rest  were European or American.

Read full article

You May Also Like:

Capitalism: The Engine Of Human Progress Gary Wolfram, A Capitalist Manifesto

The Birth of Liberal Fascism Jonah Goldberg, Liberal Fascism: The Secret History of the American Left

The Gold Standard: How Britain Made Itself — And The World — Rich Nathan Lewis, Gold: The Once and Future Money

The Gold Standard: How Britain Made Itself — And The World — Rich Nathan Lewis, Gold: The Once and Future Money

India’s Failed Socialist Experiment Thomas DiLorenzo, The Problem With Socialism

Colonial Markets Helped To Undermine Slavery Walter Williams, Race and Economics: How Much Can Be Blamed on Discrimination? 

When “Globalization” Really Began William Bernstein, A Splendid Exchange: How Trade Shaped the World

Scandinavian Unexceptionalism Nima Sanandaji, Scandinavian Unexceptonalism: Culture, Markets and the Failure of Third-way Socialism

Free Trade: The Path to Peace

The Age of Affluence Matt Ridley, The Rational Optimist (Harper Perennial)

For More go to the In Search of History Archive Page >>>

Search

Bookshelf



Some titles recent, all recommended -

In Search Of History

Capitalism: The Engine Of Human Progress

It took six thousand years from the invention of the wheel until we developed the two-wheeled cart. … From the time of Moses to Wyatt Earp we moved from two-wheeled carts to four-wheeled carts — buckboards and stagecoaches. Yet Wyatt Earp, who is an adult when he participates in the gunfight at the OK Corral, sees the movement from four-wheeled carts to the Model T. My grandparents were born before man had ever seen powered flight, yet lived to see a time when you could buy a trip into space. The rapid increase in innovation and the wealth of the masses occurred because the West gradually developed the economic system of market capitalism and a compatible political system.

-- Gary Wolfram,

Shadow Stats Snapshot

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    BLS: 4.7%
    Shadow Stats: 22.7%
  • Inflation:
    December Year-to-Year: 2.1% (CPI-U*)
    Shadow Stats: 9.8%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]