Habakkuk thesis

== English == === Etymology === Proposed by John Habakkuk (1915–2002), British economic historian, in his work American and British Technology in the Nineteenth Century: The Search for Labour-Saving Inventions (1962). === Proper noun === the Habakkuk thesis (economics) 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. Synonyms: Habakkuk hypothesis, Rothbarth-Habakkuk thesis === Further reading === Habakkuk thesis on Wikipedia.Wikipedia