Author:Joel Mokyr
Why did Western countries become so much wealthier than the rest of the world? What explains the huge rise in incomes during the Industrial Revolution - and why did Britain lead the way?
In the years between the Glorious Revolution and the Great Exhibition, the British economy was transformed. Joel Mokyr's landmark history offers a wholly new perspective for understanding Britain's extraordinary rise during the Industrial Revolution, showing how intellectual, rather than material, forces were the driving force behind it. While empire, trade, resources and other factors all played a part, above all it was the creative ferment of the Enlightenment - with its belief in progress and scientific advancement - that affected the economic behaviour of thinkers, inventors, entrepreneurs and artisans, taking Britain into the modern era.
Linking ideas and beliefs to the heart of modern economic growth, The Enlightened Economy will transform the way we view the Industrial Revolution.
He buttresses his argument with deep knowledge of the times and massive scholarship. Everyone interested in history should read this great work.
—— George A. Akerlof , University of California at BerkeleyA great economic historian gives us a sweeping perspective on a pivotal period of history: Britain during the Industrial Revolution. Tracing a long series of economic innovations and political reforms back to the ideas of the Enlightenment, Joel Mokyr shows us the foundations of the modern world.
—— Roger B. Myerson , University of ChicagoMokyr utilises deep knowledge of technological and industrial history, often narrated at the level of the individual inventor, thinker, factory owner or craftsman...[He] narrates brilliantly a rich story of modern economic growth.... Mokyr has made a deeply impressive contribution.
—— David Greasley , BBC HistoryThis is a large, learned and challenging book ... [which] anyone interested in history and the current economy needs to read
—— Maxine Berg , TLSClear about the causes, Augar is also clear about the solutions
—— Evening StandardExcellent
—— Jonathan Davis , Financial TimesNiggling away in his opening chapters is a question I believe will produce unforgiving verdicts from future historians: how could a Labour government let this happen?
—— Nick Cohen , Thefirstpost.comThis is a useful contribution to the growing literature about the biggest financial crisis for decades
—— David Smith , The Sunday Times[a] compelling and readable history that will enable the reader to make sense of the collapse of confidence that started in 2007 and became the Credit Crunch
—— www.suite101.comAugar is a former city man with the rare ability to take the reader through the complexities of high finance.
—— Nick Cohen , Observer[Augar] sees the important issue'
—— John Kay , FTA colourful account of the financial rollercoaster ride of the last 10 years... What really happened at Northern Rock, Royal Bank of Scotland et al? This gives you a clearer idea
—— Stefan Stern , Financial Times, Business & economics books of the yearTimely book
—— Simon Shaw , Mail on SundayAugur skewers politicians and regulators deftly. He's good on hedge funds, too.
—— William Leith , ScotsmanBrilliant
—— IndependentIn this riveting, well-written expose, Shaxson goes deep into the largely unexamined realm of offshore money. In the process, he reveals that this shadow world is no mere sideshow, but is troublingly central to modern finance, with the US and the UK as leaders. The resulting abuses are widespread, ranging from tax revenue stripping from African nations to individuals and corporations escaping enforcement and accountability. A must read for anyone who wants to understand the hidden reasons why financial services firms have become so powerful and impossible to reform
—— Yves Smith, creator of Naked Capitalism and author of EconnedThey who sold us globalisation as a way of the whole world getting richer with fair rules, cheated us by letting the rich and powerful go "offshore". This gripping exposé should help end the scandal
—— Anthony Barnett, founder of openDemocracyPossibly the most important political book that I have read since The Spirit Level
—— Stuart Weir, co-founder of Charter 88, former editor of the New StatesmanHe has prised the lid off an important and terrifying can of worms
—— Martin Vander Weyer , Literary ReviewLively and well written book
—— Toby Young , Mail on SundayA welcome account of how the sun is never allowed to set on the British empire's old islands, whose fiscal pirates hoard the tax-free treasures of the rich
—— Geoffrey Robertson , New Statesman, Books of the YearShaxson delves into capitalism's secret nooks and tells us about how a culture of secrecy can perpetuate itself. Very interesting
—— William Leith , Evening StandardA compelling read [...] an important and very much a live topic, it'll take you a few hours to read the book but it will be a worthwhile investment of time
—— Peter Magee , BookbagWhat makes this such a good read for the layman is that the author employs all his journalistic skill (he used to work at Reuters) to illustrate his arguments and uses real examples to real examples to illustrate complex issues
—— John Arlidge , Sunday TimesThis book is a must-read for anyone who wants to understand the world we live in
—— Brian Maye , Irish TimesThis engrossing book about the offshore banking racket, with its eye-opening scrutiny of tax havens and the suited scoundrels who profit from them, will make you think again about the murkier side of the City...This first-rate forensic work ends with a plea that the closed City "must be abolished and submerged into a...fully democratic London"
—— Boyd Tonkin , Independent[An] informed polemic against finance capital
—— Oliver Kamm , The TimesNow more than a decade old, this is still the best introduction to the world of tax havens
—— Economist, *Summer Reads of 2022*