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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.

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  • 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.
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