“virtually the entire improvement in output per worker in Britain in the first century of the Industrial Revolution was due to improvement… — Edward A. Hudson Industrial revolution Copy Share Image
“Enclosure gave an owner control over his land and allowed him to gain the full rewards of managing the land. This increased… — Edward A. Hudson Enclosure Copy Share Image
“more and better resources going into agriculture allowed food production to increase over the centuries. GDP increased, although along an irregular path,… — Edward A. Hudson Food production Copy Share Image
“The result was introduction and adoption of a sequence of new products. These new products started off small but, tapping the huge… — Edward A. Hudson Economics Copy Share Image
“We approach economic growth from a practical point of view. To do this we look at the history of growth to work… — Edward A. Hudson Approach Copy Share Image
“Although this conventional theory describes the outcome of GDP growth it does not really explain the growth process. As the steady state… — Edward A. Hudson Copy Share Image
“The logistic models suggest that purchases of information technology have a further 20 years or more until they approach saturation. This would… — Edward A. Hudson Information technology Copy Share Image
“Economic growth always involves change. New goods and services are introduced, patterns of spending and consumption change, production expands, new production processes… — Edward A. Hudson Change Copy Share Image
“The breakthrough into industrial growth took place in Britain. However, economic leadership gradually passed to the United States, based on a new… — Edward A. Hudson Family Copy Share Image
“Some people, today we would call them entrepreneurs, responded to these economic opportunities by seeking and eventually finding ways of producing these… — Edward A. Hudson Business Copy Share Image
