
Speech http://hansard.millbanksystems.com/commons/1987/mar/17/the-economic-background in the House of Commons (17 March 1987)
Introductory : The Problem
Progress and Poverty (1879)
Context: It is true that wealth has been greatly increased, and that the average of comfort, leisure, and refinement has been raised; but these gains are not general. In them the lowest class do not share. I do not mean that the condition of the lowest class has nowhere nor in anything been improved; but that there is nowhere any improvement which can be credited to increased productive power. I mean that the tendency of what we call material progress is in nowise to improve the condition of the lowest class in the essentials of healthy, happy human life. Nay, more, that it is still further to depress the condition of the lowest class. The new forces, elevating in their nature though they be, do not act upon the social fabric from underneath, as was for a long time hoped and believed, but strike it at a point intermediate between top and bottom. It is as though an immense wedge were being forced, not underneath society, but through society. Those who are above the point of separation are elevated, but those who are below are crushed down.
Speech http://hansard.millbanksystems.com/commons/1987/mar/17/the-economic-background in the House of Commons (17 March 1987)
Robert J. Barro, Xavier Sala-i-Martin, Economic growth 2nd ed. (2004), Ch. 7 : Technological Change: Schumpeterian Models of Quality Ladders
Robert J. Barro, Xavier Sala-i-Martin, Economic growth 2nd ed. (2004), Ch. 7 : Technological Change: Schumpeterian Models of Quality Ladders
Source: Where I Lived, and What I Lived For
Manias, Panics, and Crashes: A History of Financial Crises (1978), Ch. 13 : The Lessons of History and the Most Tumultuous Decades Ever
Quarterly Review, 107, 1860, p. 524
1860s
“Knowledge has to be improved, challenged, and increased constantly, or it vanishes.”
Source: (1776), Book II, Chapter III, p. 377.