Nikhil

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It made it possible for fewer people to supply more people with more goods and more services – in Adam Smith’s words, to make ‘a smaller quantity of labour produce a greater quantity of work’. There was a step change in the number of people that could be served or supplied by one person, a great leap in the specialisation of production and the diversification of consumption. Coal had made everybody into a little Louis XIV.
The Rational Optimist: How Prosperity Evolves
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