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. (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.

Paul A. Baran

Related topics

absence annual cause equipment increase investment machinery mere modern net productivity substitution percent states

Related quotes

I will fight in the United States Senate this year to fund a servicing mission to Hubble by 2008, a mission that would potentially increase Hubble's power and efficiency by a factor of 10 and allow us to look back almost to the beginning of the universe.
Barbara Mikulski
To have given each one of the million Negro free families a forty-acre freehold would have made a basis of real democracy in the United States that might easily have transformed the modern world.
W. E. B. Du Bois
A man who murders another shortens by a few brief years the life of a human being; but he who votes to increase the burden of debts upon the people of the United States assumes a graver responsibility.
William Jennings Bryan
...the policies that the United States has chosen unfortunately have brought about the wrong sentiment toward the United States and has only increased, and will only increase, extremism in our region.
Mohammad Khatami
If you take the biological weapons in the United States we still will have perhaps a single individual who was able to make anthrax, dry it, and spread it through the mail and cause terror.
Hans Blix