habakkuk thesis
Word Rarity
Very rare
Frequency: Zipf frequency 2.03 in modern English
34
Scrabble Score
14
Letters
2
Syllables
9
Unique Chars
Meaning
name
The theory that land abundance and labor scarcity in the 19th-century United States led to high wages, which resulted in labor-saving technological innovations and the development of the American system of manufacturing based on the extensive use of machinery and interchangeable parts.
Etymology
Proposed by John Habakkuk (1915–2002), British economic historian, in his work American and British Technology in the Nineteenth Century: The Search for Labour-Saving Inventions (1962).
Inflected Forms
the Habakkuk thesis (canonical)