Forging Modernity

Martin Hutchinson was born in London, brought up in Cheltenham, England, and has lived in Singapore, Croatia, London, suburban Washington, and since 2011 in Poughkeepsie, NY. He was a merchant banker for more than twenty-five years before moving into financial journalism in 2000. He earned his undergraduate degree in mathematics from Trinity College, Cambridge, and an MBA from Harvard Business School. He is also the author of Britain's Greatest Prime Minister: Lord Liverpool (Lutterworth Press, 2020).

1. 'This timely book reminds us what a great achievement the Industrial revolution in Britain was in the period 1660-1830, taking living standards far higher than on the continent for the many and witnessing a flowering of new products and technologies. Furthermore, it gave ideas to the world to raise their wages and wealth as they caught up in the nineteenth century. Hutchinson explains why this happened first in Britain, and how Tory politics helped by allowing local and entrepreneurial diversity and experimentation without heavy handed taxation and regulation. It is refreshing to be told that there is a lot good about economic growth, freeing people from poverty and extending opportunities for many to earn and save more and enjoy a better lifestyle.' - Rt Hon. Sir John Redwood, MP for Wokingham2. 'An entertaining, splendid and stunningly original history of one of the most important events of human history, Forging Modernity explores the origins of the Industrial Revolution when human living standards were pulled up from grinding Malthusian poverty and onto the path to modern levels of prosperity. Why did the industrial revolution occur first in Britain, and what was its main cause? Hutchinson\rquote s answer is that it occurred thanks to Britainstrong property rights and the relative lack of state interference in the economy. Its intellectual roots are to be found in the royalism of the post-Restoration period, which was to find its apogee in the high Toryism of the eighteenth century. And had it not been for the Whigs\rquote grubby meddling early in that century, the Industrial Revolution might have occurred half a century before it did. At long last, a Tory and not a Whig interpretation of history!' - Professor Kevin Dowd, Durham University3.An interesting and well-written new book about the deep historical causes of modern economic growth, Forging Modernity is an excellent example of old-school economic history, rich in detail and fine reading on a cold winter night, huddled together with loved ones for warmth, thanks to war, inflation, and plummeting economic freedom.- Robert E. Wright, American Institute for Economic Research, February 20234.The long-neglected Tory model of industrialisation that Martin Hutchinson has done so much to recover created the conditions for modernity, and the model forged in the UK was copied across the world. Its abandonment first by an insouciant Victorian liberalism and latterly by a post-Cold War progressivism has distorted the understanding of the conditions that gave the United Kingdom its wealth and prestige. Subordinating the past tothe present has left us with a woke version of the Whig interpretation of history that requires atonement for past political and environmental sins. This post-industrial vision of the UK offers a carbonfree, public-service economy, guilty about its past and progressively immiserated. David Martin Jones in Quadrant January-February 2024, pp.40-45.5.

• List of IllustrationsAcknowledgementsNote on Money1. Introduction: What this Book Is About2. The Competitors: Europe's Potential Industrializers in 16003. Britain in 1600 and Early Changes, 1600-484. The Restoration Renaissance, 1649-885. Iron, Steam and Finance, 1689-17206. The Industrial Revolution Takes a Whig Nap, 1721-607. The Tory-Assisted Take-off, 1761-838. Pitt, Rotary Steam Engines and War, 1784-18069. Liverpool's Policies Lead to Modernity, 1807-3010. Epilogue: The Victorians and AfterBibliographyIndex