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There is little evidence that the Industrial Revolution was caused by a preference shift.

David HirshleiferSiew Hong Teoh
Published in: The Behavioral and brain sciences (2019)
The idea, based on Life History Theory, that the Industrial Revolution was a positive feedback process wherein prosperity induced prosperity-promoting preference shifts is just an intriguing speculation. The evidence does not distinguish this explanation from simple alternatives. For example, increased prosperity may have freed up time for individuals to engage in innovative activity and increased the benefits from doing so.
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