Habakkuk thesis (English, name)
expansion: the Habakkuk thesis
Senses:
topics: economics
sciences
glosses: The theory that land abundance and labor scarcity in the 19th-century United States led to high wages, which resulted in labor-saving technological innovations and the development of the American system of manufacturing based on the extensive use of machinery and interchangeable parts.
Forms:
form: the Habakkuk thesis
tags: canonical