“Increase on productivity and decrease in unit costs (often identified with economies of scale) resulted far more from the increases in the volume and velocity of throughput then from a growth in the size of the factory and plant.”

—  Alfred D. Chandler, Jr.

Source: The Visible Hand (1977), p. 281; Cited in: Best (1990, p. 48).

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Alfred D. Chandler, Jr. photo
Alfred D. Chandler, Jr. 14
American historian 1918–2007

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