Technological Change and the British Iron Industry, 1700-1870
Charles K. Hyde
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Sozialwissenschaften, Recht, Wirtschaft / Einzelne Wirtschaftszweige, Branchen
This book describes technological change in an industry that played a central role in the Indsutrial Revolution. While earlier scholars have examined isolated aspects of ironmaking in the eighteenth- and nineteenth-century Britain, Charles Hyde surveys all aspects of its development. Costs, prices, profits, shrewd leaders, competition, new inventions, and productivity all figure in this story of a key industry during the major period of its evolution.
The author's account illuminates not only the nature of innovation in one industry, but the nature of technologial change in general. using new data compiled form the records of the ironmaking concerns, Professor Hyde considers each of the basic economic variables affecting entrepreneurial decisions. He finds that ironmaking advanced through a process of gradual, continuous change rather than through a series of discrete innovations. The rate of diffusion of new techniques corresponded to their profitability when compared to that of existing means of production--a finding that explains that timing of innovation.
Charles K. Hyde is Assistant Professor of Social Science at Monteith College, Wayne State University.
Originally published in 1977.
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James Beaumont Neilson, Variable cost, Ironwork, North Staffordshire, Ironworks, The Old Furnace, Total factor productivity, Steel, Bedlington, Economic history, Cyfarthfa Ironworks, Economic interdependence, Ferrous metallurgy, Abraham Darby, Productivity And Costs, Rolling (metalworking), British Coal, London School of Economics, Blast furnace, Industrial Revolution, Output (economics), Industrial Revolution in Scotland, Birmingham Assay Office, Furnace, Refining, Coal, Wrought iron, Bessemer process, Industry, Total cost, Economy of the United Kingdom, Trade association, Charcoal iron, Watt steam engine, Mining, Capital cost, Grand Junction Canal, Potting and stamping, Industrial society, Hydropower, Stamping (metalworking), Ford Foundation, Raw material, Supply (economics), Interest rate, Reverberatory furnace, Industrialisation, Metallurgy, Taff Vale Railway, Industrial archaeology, Forest of Dean (UK Parliament constituency), Foundry, Cast iron pipe, Puddling (metallurgy), Real versus nominal value (economics), Boulton and Watt, Richard Crawshay, Economics, Dearne and Dove Canal, Henry Cort, Coke (fuel), Ferrous, Technology, Infant industry, North Yorkshire, Oxford University Press, Steelmaking, Dowlais Ironworks, Coal dust, South Wales, Anthracite, Ironmaster, Charcoal, Technological change, Economic history of Scotland, Economic growth, Steam engine, Business cycle, Economic impact analysis, Coal mining, Coalbrookdale, Pig iron, Return on capital, Milton Ironworks, Smelting, Carron Company, Steam hammer, Technical progress (economics), University of Birmingham, Chesterfield Canal, Fuel, Cast iron, Factory, Inflation, Ore, Cambridge University Press, Coatbridge, Gross national product, Iron ore, John Roebuck