“Economic growth continued by means of a succession of new products which found growing and ultimately massive demand. Some of the new… — Edward A. Hudson Economic growth Copy Share Image
“Sustained growth at 2% a year changes lives. An increase at 2% a year for 150 years increases average incomes by a factor of 16.” — Edward A. Hudson Change Copy Share Image
“England achieved the breakthrough to growth. England’s growth followed from agricultural advances which increased incomes sufficiently that people started to demand more… — Edward A. Hudson Innovation Copy Share Image
“There had previously, such as in Rome and the Netherlands, been growth over one or two centuries but this earlier growth was… — Edward A. Hudson Change Copy Share Image
“Economic growth took place at the product and industry level; growth was driven by demand and enabled by supply expansion.” — Edward A. Hudson Economic growth Copy Share Image
“growth processes operate at the market level, not the economy-wide level. This requires us to look at growth industry by industry.” — Edward A. Hudson Economics 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
“At the industry level this process went, for example, from cotton, tobacco and wheat through railroads and automobiles, household appliances and electrical… — Edward A. Hudson Computers Copy Share Image
“After the 1950s the leading causes of death became heart diseases, cancers and strokes, often known as “lifestyle diseases”. These have proved… — Edward A. Hudson Death Copy Share Image
“The development of information technology has taken place through a sequence of innovations, one building on another. Most of these innovations did… — Edward A. Hudson Blue sky Copy Share Image
“Woolens were fundamentally different from cottons – advances in cotton processing made cotton goods accessible to everyone, creating a new market whereas… — Edward A. Hudson Investing Copy Share Image
“Within this stable and secure environment people had the ability and the incentive to pursue their own economic interests.” — Edward A. Hudson Environment Copy Share Image
“Whereas in other countries expansion stopped when an initial advantage had been fully exploited, England moved through a succession of new products… — Edward A. Hudson Change 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
“per capita incomes scarcely changed; the new production was absorbed in supporting an increasing population. This was not economic growth. The economy… — Edward A. Hudson Ancient history 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
“there have been two keys to economic growth in America: (1) the continuing sequence of new products which consumers wish to buy,… — Edward A. Hudson Economic growth 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
“The church, so long a brake on progress in other European countries, no longer controlled the economic life of the country. Henry… — Edward A. Hudson Church and state Copy Share Image
“Agricultural productivity had been rising for some time, leading to increasing production of food and, as food accounted for most of the… — Edward A. Hudson Family Copy Share Image
“The reason for the different speeds of adoption is that the key industrial using devices, the light bulb and the electric motor,… — Edward A. Hudson Family Copy Share Image
“Some countries in earlier eras achieved rising per capita incomes but, when the source of the rise had been played out, were… — Edward A. Hudson Copy Share Image
“It also requires us to look at spending (or demand) industry by industry, as economic growth is characterized by continuing introduction of… — Edward A. Hudson Economic growth 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 Investing 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
