ABSTRACT

Part One has shown many instances of dramatic increases in productivity achieved by a combination of technical and organizational innovations as, for example, in cotton spinning, catalytic cracking of oil, scaling up of steel and chemical plants, assembly line production of automobiles, or miniaturization of integrated electronic circuits. It has also illustrated the widening and cheapening of the range of products available to consumers through product innovations in many industries, for example, pottery, consumer durables, new materials, radio and television.