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Industrial revolution Quote by Edward A. Hudson

“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.” quote by Edward A. Hudson
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““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.””

Edward A. Hudson

About This Quote

Source Book: Economic History of Britain, Edward A. Hudson, 1995

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.

3.8 out of 5 (4 ratings)

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