Change Quote by Edward A. Hudson

“Whereas in other countries expansion stopped when an initial advantage had been fully exploited, England moved through a succession of new products and new…

— Edward A. Hudson

“England achieved the breakthrough to growth. England’s growth followed from agricultural advances which increased incomes sufficiently that people started to demand more manufactured goods.”

— Edward A. Hudson

“the United States grew in exactly the same way as Britain - by developing a sequence of successful new products, creating new markets and…

— Edward A. Hudson

“The breakthrough into industrial growth took place in Britain. However, economic leadership gradually passed to the United States, based on a new set of…

— Edward A. Hudson

“As with Britain, growth in the United States started with agriculture. Then, steel, railroads, automobiles, electricity, consumer appliances, telecommunications and chemicals were among the…

— Edward A. Hudson

“Britain was overtaken not only in gross output but also in output per worker. It lost its lead in technological innovation.”

— Thomas Sowell

“In contrast to what many people in Britain and the United States believe, the true figures on growth (as best one can judge from…

— Thomas Piketty

The growth of New England was a result of the aggregate efforts of a busy multitude, each in his narrow circle toiling for himself,…

— Francis Parkman

“Economic growth continued by means of a succession of new products which found growing and ultimately massive demand. Some of the new products were…

— Edward A. Hudson

“It was possible to borrow British technology, and increasingly governments began to promote development. By the end of the nineteenth century, governments and large…

— David Christian

“Economic growth took place at the product and industry level; growth was driven by demand and enabled by supply expansion.”

— Edward A. Hudson

Industrialization came to England but has since left.

— P. J. O'Rourke