S2 E6: Inventors/Engineers, Directed Technical Change, and the British Industrial Revolution with Walker Hanlon from Northwestern University

In this episode, our guest is Walker Hanlon who is an Associate Professor in Economics at Northwestern University. We talked about if necessity is the mother of invention, different theories about directed technical change, why the British Industrial Revolution specifically persisted and more! 06:40 Necessity: the mother of invention? 08:20 What is directed technical change? 09:50 Theories on directed technical change 15:10 Laissez-Faire and Walker’s New Book!20:00 Why did The British Industrial Revolution persist?32:25 Cheezy Question and “This or That” Game!