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SUMMARY:Was the Industrial Revolution censored in Austria before 1848? Ins
 titutional Change and  Useful Human Capital in the Wake of the 1848 Revolu
 tions - Tomas Cvrcek (University College London)
DTSTART:20250514T150000Z
DTEND:20250514T163000Z
UID:TALK231862@talks.cam.ac.uk
CONTACT:Aleksandra Dul
DESCRIPTION:Exploiting the 1848 revolution in the Austrian Empire\, I stud
 y how a sudden institutional change impacts economic development. In contr
 ast to much existing research\, which focuses on the rule of law and the s
 ecurity of property rights\, I argue that the main impact occurred through
  the expansion of the upper-tail useful human capital (Mokyr\, 2005) follo
 wing the \nrevolution. While the revolution was defeated\, important liber
 alizing reforms persisted in the areas of (i) the press\, (ii) technical e
 ducation and (iii) knowledge-promoting voluntary associations – the info
 rmation space\, for short. Pushing back against the existing consensus tha
 t the revolution had no discernible impact on the empire’s economic deve
 lopment\, I combine newly collected data on the pre-1848 and post-1848 inf
 ormation space with data on the use and location of steam \nengines in 184
 1–1863 to establish the causal link between the post-1848 reforms and th
 e diffusion of this important industrial technology.\n\nJoin us on Teams:\
 n\nhttps://teams.microsoft.com/l/meetup-join/19%3ameeting_Y2IwMWVhNzktZGMy
 ZS00NDgzLWI2YmUtZjQ3M2UyZDAyNzNl%40thread.v2/0?context=%7b%22Tid%22%3a%224
 9a50445-bdfa-4b79-ade3-547b4f3986e9%22%2c%22Oid%22%3a%229c3453c5-0750-4d03
 -b290-abe5eac4731b%22%7d
LOCATION:Small Lecture Theatre (SLT)\, Department of Geography and on Team
 s
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