Why China missed the industrial revolution


Noah Smith ‏@Noahpinion Nov 1811 retweets19 likesReply Retweet 11 Like 19 More

Maybe the Industrial Revolution happened because European labor was expensive: http://www.voxeu.org/article/why-china-missed-industrial-revolution … So how about that minimum wage?

Miles Kimball‏@mileskimball

The Industrial Revolution was fostered by abundant capital that lowered interest rates & raised wages: http://www.voxeu.org/article/why-china-missed-industrial-revolution … @Noahpinion