Watch the video in which Bob Allen, an economic historian, explains his theory of why the Industrial Revolution occurred when and where it did? this is the link for the video. https://youtu.be/-vyNOWxprt4
And, answer the questions below.
1)Summarize Allen’s claim using the concept of economic rents.
2)Which ceteris paribus assumptions are you making?
3) What other important factors may explain the rise of energy intensive technologies in Britain in the eighteenth century?
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