Economic History

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…exploiting new at that time techniques, many economists argue that it was not restrictions or overseas capital embargoes that were the prevailing method for encouraging domestic, scientifically based industry; but it was tariffs and publicly supported general and technical education (Michael Edelstein, 196). References: R. Floud and D. McCloskey, Econimic History of Britain Since 1700, chapter 7, pp173-196 (Michael Edelstein) A.G. Kenwood and A.L. Lougheed, The Growth of the International Economy 1920-1990, chapter 2, pp25-38.