“" many seemingly independent businessmen or craftsman are more or less well paid retainers of larger corporations, such as the cobbler, operating a United States shoe machine or an automobile dealer holding a license of the General Motors Corporation."” WellsStatesUnitedUnited StatesMachinesPaidIndependentShoesCorporationsBusinessmanLicenseMotorAutomobileDealerCraftsmanGeneral MotorsCobblersRetainers Author:Paul A. Baran
“It has been estimated that even in the absence of net investment, the mere substitution of modern machinery for worn-out equipment in the United States would cause an annual productivity increase of approximately 1.5 percent.” Has BeensStatesCausesUnitedUnited StatesModernPercentIncreaseMereInvestmentAbsenceProductivityWornEquipmentMachineryAnnualsWorn OutSubstitution Book:Political Econ of Growth Source: Political Econ of Growth
