virtually the entire improvement in output per worker in…
““virtually the entire improvement in output per worker in Britain in the first century of the Industrial Revolution was due to improvement in productivity. It is likely that most of this productivity advance was embodied in capital.””
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Productivity gains in early industrial Britain came mainly from better capital equipment, not from workers themselves.
In simple terms: Capital improvements drove output growth.
Key Takeaway
Invest in better tools and machines.
Themes
industrialization
productivity
capital
economics
Mood
analytical
reflective
Type
historical
economic
policy
When to use this quote
- factory upgrades
- technology adoption
- skill training
- policy planning
Key Concepts
embodied technical change
capital deepening
factor productivity
Questions to Reflect On
- How can modern economies balance capital investment with workforce development?
- What policies ensure capital upgrades benefit all workers?
A Different Perspective
Neglects the role of labor organization and human capital development.