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CATEGORIES:Quantitative History Seminar
SUMMARY:Knowledge\, human capital and economic development
 : evidence from the British industrial revolution\
 , 1750-1930 - Professor B. Zorina Khan (Bowdoin Co
 llege\, USA\, and National Bureau of Economic Rese
 arch)
DTSTART;TZID=Europe/London:20160307T130000
DTEND;TZID=Europe/London:20160307T140000
UID:TALK63243AThttp://talks.cam.ac.uk
URL:http://talks.cam.ac.uk/talk/index/63243
DESCRIPTION:Endogenous growth models raise fundamental questio
 ns about the nature of human creativity\, and the 
 sorts of resources\, skills\, and knowledge inputs
  that shift the frontier of technology and product
 ion possibilities.   Many argue that the nature of
  early British industrialization supports the thes
 is that economic advances depend on specialized sc
 ientific training or the acquisition of costly hum
 an capital.  This paper examines the contributions
  of different types of knowledge to British indust
 rialization\, by assessing the backgrounds\, educa
 tion and inventive activity of the major contribut
 ors to technological advances in Britain during th
 e crucial period between 1750 and 1930.  The resul
 ts indicate that scientists\, engineers or technic
 ians were not well-represented among the British g
 reat inventors until very late in the nineteenth c
 entury.   Instead\, important discoveries and Brit
 ish industrial advances were achieved by individua
 ls who exercised commonplace skills and entreprene
 urial abilities to resolve perceived industrial pr
 oblems.  For developing countries today\, the impl
 ications are that costly investments in specialize
 d human capital resources might be less important 
 than incentives for creativity\, flexibility\, and
  the ability to make incremental adjustments that 
 can transform existing technologies into invention
 s that are appropriate for prevailing domestic con
 ditions.
LOCATION:Seminar Room 5\, Faculty of History
CONTACT:
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