Agricultural Supply During the Industrial Revolution: French Evidence and European Implications

Analysis of the spatial pattern of prices and output in the manuscript returns of the French agricultural census of 1852 indicates that the availability of market outlets was probably the dominant factor determining the rise in agricultural productivity prior to the mid-nineteenth century and that agricultural supply was probably price elastic. The belief that the period of the industrial revolution was one of inelastic agricultural supply is shown to rest on a misinterpretation of the extant data on agricultural prices.