Essay

Economic Incentives for Technological Adoption in the 18th Century

Imagine you are an economic advisor in early 18th-century France, where wages are relatively low and the cost of coal is high. An inventor presents a new coal-powered machine that drastically reduces the number of workers needed for a specific manufacturing task. Analyze why this new technology would likely face significant challenges to widespread adoption in France, even if it were proving successful in England at the same time.

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Updated 2025-08-03

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