Economic growth Quote by Edward A. Hudson

““We approach economic growth from a practical point of view. To do this we look at the history of growth to work out the causes and mechanisms of continuing growth. We then systematize these mechanisms so as to extend the conventional theory.””

Edward A. Hudson

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Economic growth Growth Point of view

More by Edward A. Hudson

“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

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“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

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“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

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“There had previously, such as in Rome and the Netherlands, been growth over one or two centuries but this earlier growth was based on…

Edward A. Hudson

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

Edward A. Hudson

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“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

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“The result was introduction and adoption of a sequence of new products. These new products started off small but, tapping the huge potential markets…

Edward A. Hudson

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“At the industry level this process went, for example, from cotton, tobacco and wheat through railroads and automobiles, household appliances and electrical goods, to…

Edward A. Hudson

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“After the 1950s the leading causes of death became heart diseases, cancers and strokes, often known as “lifestyle diseases”. These have proved more difficult…

Edward A. Hudson

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“The development of information technology has taken place through a sequence of innovations, one building on another. Most of these innovations did not occur…

Edward A. Hudson

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“Woolens were fundamentally different from cottons – advances in cotton processing made cotton goods accessible to everyone, creating a new market whereas advances in…

Edward A. Hudson

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“Within this stable and secure environment people had the ability and the incentive to pursue their own economic interests.”

Edward A. Hudson

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Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…

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

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In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation…

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I was the chairman of the Budget Committee and the lead architect the last time it happened in Washington, and when we did it…

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“Since the 1960s, the national “average” of U.S. students on international tests has been middling to poor at best. Yet, the nation experienced unprecedented…

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Economic growth and 'future superpower' status is all very good but that doesn't guarantee dignity for every individual.

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Increased spending, growing government debt and overreaching regulations are stifling job creation and economic growth.

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Following one of the most violent conflicts in human history, the United States and Japan built a deep and abiding friendship - an alliance…

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“For their never-ending endeavours to obtain or retain wealth, countries desperately need companies, because they—unlike most human beings—have the means of production, and human…

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