The kind of precision manufacturing epitomized in the armories, while it was important, was only a small share of the economy until quite late in the century. Large-scale natural resource development and processing was the name of the game.
Charles R. MorrisI've been among their critics [MBA programs]. Much of what I've seen in business schools is quite non-rigorous. Anecdotal histories are stretched to illustrate favored slogans. Evidence of their effectiveness is similarly anecdotal.
Charles R. MorrisIt may not be replicable: One of the hardest transition that a developing country can make is the transition to middle-class status. Governments have to let go, people start insisting on following their own lights, etc.
Charles R. MorrisThe drive to scale in almost every endeavor. The British went very large scale in ship building and a few other industries. Their steel plants were bigger and much more advanced than ours after the Civil War, but we had blown past them by the mid-80s.
Charles R. Morris