Construct · 1 fields · 1 citations

Engels' pause: a standalone construct

One name. One construct. A landmark on the map.

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Economic history

the decades of early British industrialization when output per worker rose but real wages stagnated and profits took the gains.

In economic history, Engels' pause refers to the decades of early British industrialization when output per worker rose but real wages stagnated and profits took the gains. This meaning comes from Allen (2009) in Explorations in Economic History.[1]

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References

Allen, R. C. (2009). Engels’ pause: Technical change, capital accumulation, and inequality in the british industrial revolution. Explorations in Economic History, 46(4), 418-435. https://doi.org/10.1016/j.eeh.2009.04.004

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