The Economic Organisation of England

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The question of classification and terminology, how- ever, so far as England is concerned, may be passed over with some equanimity because in the period between the gild and the factory it was that more completely capitalised form which involved the pro- vision of material by the capitalist and the payment by him of wages which was by far the most widely prevalent. That this was the case with the clothiers of the south and west of England throughout the sixteenth and seventeenth centuries is be
...yond all ques- tion. The rising woollen trade of Yorkshire instead of being typical in this respect was exceptional ; and, in consequence perhaps of the subsequent concentra- tion of the woollen industry in the West Riding, and the picturesque description by Defoe, it has been assigned a larger relative importance than it deserves.
144 The Industrial Revolution To that I shall return : the point I want just now to emphasize is that the plan of giving out material and paying wages was characteristic of every other important industry in the eighteenth century.


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