Business I / The Industrial Revolution
Practice question · Multiple choice

Allen explains British industrialisation by factor prices and Mokyr by a culture of useful knowledge. Why are these rival explanations rather than complementary ones?

Hints
  1. Ask what each says would have happened had the other factor been absent.
  2. Both cannot be the binding constraint.
Show the answer

D. Because they disagree about what was scarce.

Why

They differ on what was binding. If wages were the trigger, the same culture without high wages industrialises nowhere, which is a testable disagreement, not a division of labour.

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