ABSTRACT

A comparison of the writings of the historians and the economists on growth reveals a significant difference in attitudes towards structural change. Modern growth economists have shown that economic development today is correlated positively with transport facilities. It is often assumed today by growth economists that only strong government will promote growth in the underdeveloped countries of the world. The increasingly strategic importance of the professions has been the most important change in the occupational structure of the developed economies. Growth is accompanied by an expansion of financial institutions; and lack of such institutions can slow down growth. The organization and supply of sport and entertainment changed significantly during the industrial revolution. Domestic and personal service increased as a percentage of the total labour force throughout the industrial revolution. The history, measurement and analysis of economic change in the tertiary sector of the English economy during the industrial revolution remains a largely unexplored area of research for the economic historians.