> Now we can’t cover the entire industrial revolution with all of its complex moving parts but we can briefly go over the core of it to get a sense of the key ingredients. Fundamentally this is a story about coal, steam engines, textile manufacture and above all the harnessing of a new source of energy in the economy. That’s not the whole story, by any means, but it is one of the most important through-lines and will serve to demonstrate the point.
> The specificity matters here because each innovation in the chain required not merely the discovery of the principle, but also the design and an economically viable use-case to all line up in order to have impact. […]
Interesting thought experiment at the end:
> Much of history ends up this way. As much as we might want to imagine that the greater currents push historical events largely on a predetermined path with but minor variations from what must always have been, in practice events are tremendously contingent on unpredictable variables. If Spain or Portugal, for instance, rather than Britain, had ended up controlling India, would the flow of cotton have been diverted to places where coal usage was not common, cheap and abundant, thereby separating the early steam-powered mine pumps both from the industry they could first revolutionize and also from the vast wealth necessary to support that process (much less if no European power had ever come to dominate the Indian subcontinent)? This question, like so many counter-factuals, is fundamentally unanswerable but useful for illustrating the deeply contingent nature of historical events in a way that data (like the charts of global GDP over centuries) can sometimes fail to capture.
> Now we can’t cover the entire industrial revolution with all of its complex moving parts but we can briefly go over the core of it to get a sense of the key ingredients. Fundamentally this is a story about coal, steam engines, textile manufacture and above all the harnessing of a new source of energy in the economy. That’s not the whole story, by any means, but it is one of the most important through-lines and will serve to demonstrate the point.
> The specificity matters here because each innovation in the chain required not merely the discovery of the principle, but also the design and an economically viable use-case to all line up in order to have impact. […]
Interesting thought experiment at the end:
> Much of history ends up this way. As much as we might want to imagine that the greater currents push historical events largely on a predetermined path with but minor variations from what must always have been, in practice events are tremendously contingent on unpredictable variables. If Spain or Portugal, for instance, rather than Britain, had ended up controlling India, would the flow of cotton have been diverted to places where coal usage was not common, cheap and abundant, thereby separating the early steam-powered mine pumps both from the industry they could first revolutionize and also from the vast wealth necessary to support that process (much less if no European power had ever come to dominate the Indian subcontinent)? This question, like so many counter-factuals, is fundamentally unanswerable but useful for illustrating the deeply contingent nature of historical events in a way that data (like the charts of global GDP over centuries) can sometimes fail to capture.