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Habakkuk thesis
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Habakkuk thesis
That high wages and labor scarcity stimulated technological progress in the U.S. in the 1800s, and in particular brought about the American system of manufacturing based on interchangeable parts. (This description from Mokyr, 1990; idea from Habakkuk, 1962). Source: Mokyr, 1990, p 165; Habakkuk, 196... Found op http://www.econterms.com/glossary.cgi?query=Habakkuk+thesis
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Habakkuk thesis
The Habakkuk thesis (also referred to as Rothbarth-Habakkuk thesis) is the idea that high wages combined with scarce labour resources brought about technical improvements in the United States in the 19th century. It is named after John Habakkuk (and E Rothbarth). ==Modern Applications == Robert C. ... Found op http://en.wikipedia.org/wiki/Habakkuk_thesis
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