Manufacturing

Ednaldo Araquém Silva ()
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Ednaldo Araquém Silva: EdgarStat®

Chapter Chapter 5 in U.S. Corporate Profits, 1950–2024, 2026, pp 23-27 from Springer

Abstract: Abstract Economics emerged as a science with the rise of manufacturing, which has long served as the cornerstone of capitalism. While agriculture, trade, and finance each played indispensable roles in shaping modern economic systems, the expansion of industrial production (mass production, division of labor, and mechanization) grounded economics in measurable, empirical analysis. From Adam Smith’s pin factory to Marx’s relative surplus value theory, manufacturing has been a conceptual scaffold for economic thought.

Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-032-11399-3_5

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DOI: 10.1007/978-3-032-11399-3_5

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