Clearly, the broad effect of economic evolution until about 1920 was to increase the concentration of jobs in the cyclically volatile industries, and this was a major force tending to intensify declines of employment during business contractions. Since then, the continued progress of technology, the very factor which originally was mainly responsible for the concentration in the cyclical industries, has served to arrest this tendency. The upward trend of production in manufacturing and the other highly cyclical industries has remained rapid in recent decades.
Arthur F. BurnsRelated topics
arrest broad business concentration continued effect employment evolution factor force increase major manufacturing production progress rapid recent responsible technology tending tendency trend upward volatile jobsRelated quotes
A study of business education in the United States was recently conducted by Professors Robert A. Gordon of the University of California (Berkeley) and John E. Howell of Stanford University. Their book, Higher Education for Business, has been published by Columbia University Press. Among their major recommendations are:
1 - An increase in the general-education content of undergraduate business education to more than 50 per cent...
2 - Elimination of "fields of concentration" in undergraduate business schools and "drastic streamlining of the number of required courses."
Robert Aaron Gordon
In our time of ever-increasing specialization, there is a tendency to concern ourselves with relatively narrow scientific problems. The broad foundations of our present-day scientific knowledge and its historical development tend to be forgotten too often. This is an unfortunate trend, not only because our horizon becomes rather limited and our perspective somewhat distorted, but also because there are many valuable lessons to be learned in looking back over the years during which the basic concepts and the fundamental laws of a particular scientific discipline were first formulated.
Emil Wolf
The five major Eastern religions that developed during this time were Hinduism, Confucianism, Zoroasterism [sic], Buddhism, and Taoism. Because of the atheistic and pantheistic philosophies of these religions, and the lack of importance placed on God, the entrance of communism into these countries was very simple. When the evolutionary doctrine was taught in these countries, the people did not have to change their religion in order to include it. Evolution and communism blended in fine with the Eastern religions.
Kent Hovind
The imperative need of the hour is to visualize the grave dangers not only to our cherished political and social system, but to the very foundation of our values, if there is not greater discipline in national life...Undoubtedly, the nation has registered progress, especially during the last two or three years, but we must accelerate the pace and increase the momentum. We need vigour and the will to rekindle the moral timbre to channelize our energies for constructive purposes. We must eschew communal frenzy...
Zail Singh
The last chapter modeled technological progress as an increase in the number of types of products, N. In this chapter, we allow for improvements in the quality or productivity of each type. This approach has come to be known as the Schumpeterian approach to endogenous growth. We can think of increases in N as basic innovations that amount to dramatically new kinds of goods or methods of production. In contrast, increases in the quality of the existing products involve a continuing series of improvements and refinements of goods and techniques.
Robert Barro
