University of Michigan - Ann Arbor

Economists tend to approach the study of the Industrial Revolution by seeking general mechanisms that can explain economic growth and development across time and space. Scholars like Allen aim to identify factors that determine why some societies succeed while others fail. They often use models to test their hypotheses, and their work involves analyzing data from different historical periods and countries. While economists can learn from historians' insights into the specific circumstances that led to the Industrial Revolution, they may view their arguments as lacking the precision required for testing with models.

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