Hostname: page-component-cd9895bd7-lnqnp Total loading time: 0 Render date: 2024-12-28T14:19:58.030Z Has data issue: false hasContentIssue false
  • English
  • Français

There is little evidence that the Industrial Revolution was caused by a preference shift

Published online by Cambridge University Press:  20 November 2019

David Hirshleifer Open the ORCID record for David Hirshleifer [Opens in a new window]  and
Siew Hong Teoh Open the ORCID record for Siew Hong Teoh [Opens in a new window]
David Hirshleifer
Affiliation:
Merage School of Business, University of California, Irvine, Irvine, CA 92697. David.h@uci.edusteoh@uci.eduhttps://sites.uci.edu/dhirshle/https://sites.uci.edu/steoh/
Siew Hong Teoh
Affiliation:
Merage School of Business, University of California, Irvine, Irvine, CA 92697. David.h@uci.edusteoh@uci.eduhttps://sites.uci.edu/dhirshle/https://sites.uci.edu/steoh/
Get access Rights & Permissions [Opens in a new window]

Abstract

The idea, based on Life History Theory, that the Industrial Revolution was a positive feedback process wherein prosperity induced prosperity-promoting preference shifts is just an intriguing speculation. The evidence does not distinguish this explanation from simple alternatives. For example, increased prosperity may have freed up time for individuals to engage in innovative activity and increased the benefits from doing so.

Type
Open Peer Commentary
Information
Behavioral and Brain Sciences , Volume 42 , 2019 , e202
Check for updates
Copyright
Copyright © Cambridge University Press 2019 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)