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Industrial Revolution

The factory owners did not have the power to compel anybody to take a factory job. They could only hire people who were ready to work for the wages offered to them…. Their only refuge was the factory. It saved them, in the strict sense of the term, from death by starvation.Human Actionp. 615; pp. 619-20Industrial Revolution
The market economy itself was not a product of violent action of revolutions but of a series of gradual peaceful changes. The implications of the term industrial revolution are utterly misleading.The Ultimate Foundation of Economic Sciencep. 109Industrial Revolution
The outstanding fact about the Industrial Revolution is that it opened an age of mass production for the needs of the masses. .Human Actionp. 616; p. 621Industrial Revolution
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