The industrial revolution: Fire and brimstone

Some historical love for the concept of intelectual property

The author dismisses the more traditional explanations about why the industrial revolution began in Britain—such as an abundance of coal or the insatiable demands of the Royal Navy—concluding, instead, that it was England’s development of the patent system that was the decisive factor. By aligning the incentives of private individuals with those of society, it transformed invention from a hobby pursued by the idle rich into an opportunity for spectacular commercial gain open to anyone with a bit of skill and a good idea. That allowed England to harness the creative potential of its artisan classes in a way that no other country had managed before.

via The industrial revolution: Fire and brimstone | The Economist.

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