dream_weaver Posted April 2, 2011 Report Share Posted April 2, 2011 In an article by Gary North, he posts a rather interesting question. What changed in 1800 that altered an economic flat line into a 2% per annum compounded growth curve? After reading this article, I was listening to Dr. Peikoff's 2nd day on Objectivism Through Induction when he pondered out loud that Miss Rand may not have reached her theory of concepts if the industrial revolution had not transpired. Around that comment, he pointed out that the crucial link between mathematics and physics was discovered. Prior to that connection, mathematics was an interesting pastime, more of a novel pursuit. Its most practical application to daily life was probably in accounting up until individuals like Kepler, Galileo and Newton connected and expressed natures physical laws via mathematical equations in the late 1600 - early 1700. Could this be a/the catalyst? Introduced nearly a century before the events in question by Gary North as the seed of the industrial revolution? Quote Link to comment Share on other sites More sharing options...
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