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The views generally held about the rise of the factory system in Britain derive from highly distorted accounts of the social consequences of that system, so say the economic historians whose papers make up this volume. The authors offer documentary evidence to support their conclusion that under capitalism the workers, despite long hours and other hardships of factory life, were better off financially, had more opportunities, and led a better life than had been the case before the Industrial Revolution.

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Book Details

ISBN: 9780226320724
ISBN-10: 0226320723
Format: Hardback
(189mm x 117mm x 11mm)
Pages: 191
Imprint: University of Chicago Press
Publisher: The University of Chicago Press
Publish Date: 1-Apr-1963
Country of Publication: United States

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Author Biography - F. A. Hayek

F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theoryand a leading proponent of classical liberalism in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg."

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