Samizdata

One of my favourite up-and-coming libertarian intellectuals is Anton Howes, who manages to combine being both a hugely effective libertarian activist and a very promising academic. He, along with a great gaggle of others, runs the very impressive Liberty League, and he is doing some very interesting historical research.

The particularly good Anton Howes news, from the point of view of the sort of people who read Samizdata, is that Anton Howes now has a blog, Capitalism’s Cradle. It reflects Anton’s research interests. He is studying the origins of the British Industrial Revolution by studying the biographies of several dozen of the key industrial innovators who set that Revolution in motion and who then kept it in motion. I first learned about this blog when Anton himself told me about it at the Adam Smith Institute Christmas Party last week. Anton is the rather solemn looking guy in the third row down, on the right, in this selection of photos that I took at that event.

Below is a quote from the very first posting on Capitalism’s Cradle, entitled Why Capitalism’s Cradle? I take this posting to be both an explanation of why the Capitalism’s Cradle blog is called that, and a question about why Capitalism’s Cradle did its stuff where it did and when it did. The question Anton is trying to answer is: What was it about the British Industrial Revolution that caused it to do better than various other “Golden Ages” that had preceded it in earlier times and in other places? Because it was indeed very special. It didn’t just happen, and then revert back to business as usual. This particular Golden Age never stopped. It spread, and it is still spreading. Why?

Innovation existed before the Industrial Revolution. Of course it did – you need look no further than the invention of agriculture, writing, bronze, crop rotations, horse collars, windmills, gunpowder, printing presses, paper, and bills of exchange to know that innovations have occurred throughout history before the IR.

The difference is that these were few and far between. Some of them, often grouped together, resulted in Golden Ages, or “Efflorescences” as Jack Goldstone likes to call them. The 1st Century early Roman Empire; the 8th Century Arab World; 12th Century Sung Dynasty China; the 15th Century northern Italian city-states; and 17th Century Dutch Republic are all good examples.

Britain could have been just like any of the other Golden Ages. It could have had Abraham Darby’s coke-smelted cast iron, Thomas Newcomen’s steam engine for pumping mines, John Kay’s flying shuttle to allow weaved cloth to be wider than the length of the weaver’s arm-span. Perhaps we would have had Lady Mary Wortley’s inoculation against smallpox, some canals much like the Romans’ or Medieval Chinese, and Jethro Tull’s seed drill.

But like every previous Golden Age, that would have been it – until the next Golden Age, wherever and whenever that would end up being.

But the British IR was different. It started off as a ‘mere’ Golden Age in the 18th Century, but the pace of innovation was maintained and then quickened. And it hasn’t stopped for the past 250 years or so. Despite the occasional downturn, we still expect at least 1-2% GDP growth. Anything less than that is considered stagnation.

That isn’t the answer to the question. It merely restates the question in somewhat greater detail. But I particularly like this elaboration, because I have heard Anton refer in passing to these Golden Ages, these efflorescences, in various talks that I have heard him deliver, but I didn’t make a note of what they all were. Now, I have this blog posting, and this blog in general, to enable me to chase up such notions, and also to help me ponder all the other notions that will be needed to get towards an answer to the question that Anton is posing.

I do not think I will be the only Samizdata reader who will also be a regular reader of Capitalism’s Cradle.