High-level equilibrium trap
id:
high-level-equilibrium-trap-324-4605082
title:
High-level equilibrium trap
text:
The high-level equilibrium trap is a concept developed by environmental historian Mark Elvin to explain why China never underwent an indigenous Industrial Revolution despite its wealth, stability, and high level of scientific achievement. Essentially, he claims that the Chinese pre-industrial economy had reached an equilibrium point where supply and demand were well-balanced. Late imperial production methods and trade networks were so efficient and labor was so cheap that investment in capital t
brand slug:
wiki
category slug:
encyclopedia
description:
Environmental historical concept
original url:
https://en.wikipedia.org/wiki/High-level_equilibrium_trap
date created:
date modified:
2024-03-18T22:53:28Z
main entity:
{"identifier":"Q11952971","url":"https://www.wikidata.org/entity/Q11952971"}
image:
fields total:
13
integrity:
14