"The Industrial Revolution as a historical concept has many shortcomings. A new
concept-the "industrious revolution"-is proposed to place the Industrial
Revolution in a broader historical setting. The industrious revolution was a
process of household-based resource reallocation that increased both the supply
of marketed commodities and labor and the demand for market-supplied goods.
The industrious revolution was a household-level change with important demand-
side features that preceded the Industrial Revolution, a supply-side phenomenon.
It has implications for nineteenth- and twentieth-century economic history. "