The opinion by the historians on the Industrial revolution has been controversial. The dramatic representation of the awful conditions of the English workers during the Nineteenth century affected public opinion and the way capitalism has been considered by the intellectuals and the general public as well. During the 50s of the Twentieth century a group of scholars, under the guide of the leading Austrian economist Frederich von Hayek, challenged this representation. They refuted the idea that Industrial revolution made the life of the workers worse. The conditions of the workers were not better before the advent of Industrial revolution, and, in some measure, there was an improvement of their level of life thanks to capitalism.