“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
“Total spending or demand did not expand rapidly. It was important that excess demand conditions were modest – there was sufficient demand… — Edward A. Hudson Demand 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
“production capability increases through investment and productivity gains, allowing supply to expand to sustain the growing demand and to generate increasing net… — Edward A. Hudson Economics Copy Share Image
“The enabling side of this process is the ongoing increase in production capability with more physical capital, more human capital and more… — Edward A. Hudson Increase Production Copy Share Image
“A small number, such as Stephenson’s railway passenger services, were unexpected successes – a new product appeared for which there was a… — Edward A. Hudson Demand Copy Share Image
“The Netherlands grew rich on the back of trading, particularly between Asia and Europe. However, the Netherlands had no repeat innovation industry.… — Edward A. Hudson Netherlands Copy Share Image
“As with Britain, growth in the United States started with agriculture. Then, steel, railroads, automobiles, electricity, consumer appliances, telecommunications and chemicals were… — Edward A. Hudson Continued growth 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
“Demand features – product design, marketing, credit and the consumer society - are central to this process. Demand drives growth while supply… — Edward A. Hudson Demand Copy Share Image
