The rise of liberalism was accompanied by immense technological progress; by the industrial revolution; by the division of labor which ensued, and which suddenly, and prodigiously, accelerated the efficiency of production; and by the conception of economic life governed by the market. In other words, of economic life governed by the buyer, not the seller. This was a brand-new and wholly revolutionary idea. (Dorothy Thompson)

The rise of liberalism was accompanied by immense technological progress; by the industrial revolution; by the division of labor which ensued, and which suddenly, and prodigiously, accelerated the efficiency of production; and by the conception of economic life governed by the market. In other words, of economic life governed by the buyer, not the seller. This was a brand-new and wholly revolutionary idea.

Dorothy Thompson

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buyer conception division efficiency governed idea immense industrial labor liberalism life market production progress revolution revolutionary rise seller words

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