“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
“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
“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
“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
“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
“A GPT is seen as an epoch-defining technology which spreads through many industries, allowing costs to fall and, equivalently, productivity to increase.… — Edward A. Hudson Industrial revolution Copy Share Image
“We start by going back 2,000 years. There were successful civilizations in Rome, China and later in western Europe. These leading countries… — Edward A. Hudson Civilizations Copy Share Image
“the United States grew in exactly the same way as Britain - by developing a sequence of successful new products, creating new… — Edward A. Hudson Growth 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
