“Mass prosperity came with the mass innovation that sprung up in 1815 in Britain, soon after in America, and later in Germany and France: It brought sustained growth to these nations - also to nations with entrepreneurs willing and able to copy the innovations.”

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Originally said in English.

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About Edmund Phelps

Edmund Phelps is quoted here; further biographical details are not publicly available.

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"Mass prosperity came with the mass innovation that sprung up in 1815…" — Edmund Phelps | Daily Quotes