SOCI 235 Lecture Notes - Lecture 14: Putting-Out System, The World Academy Of Sciences, Industrial Revolution
10 Dec 2014
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Document Summary
The origins of the factory: in the early industrial revolution several areas of production were organized using the putting- out" or domestic" system. He argued that the transition to factories took place before the steam engine was introduced to them. In fact, factories were created: the creation of the factory required the creation of a new employee category - overseers, marglin develops his analysis to make a general point about the definition of efficiency and its implications. He distinguished engineering efficiency from economic efficiency: engineering efficiency=outputs/inputs. So, output might be bolts of cloth; inputs would be wear and tear on machines, raw material, and the physical exertion of labour. (assume that we have some reasonable common unit for the denominator. ) If: economic efficiency=value of outputs/value of inputs; that is, output*output price/input*input price. Both outputs and inputs can be measured in the relevant currency.
