Knowledge is power

A practical survey explains how accumulation, division of labour, machinery, and scientific knowledge raise productive capacity and improve material comforts. Organized as topical chapters, it examines agriculture, mining, manufacturing, transport, housing, printing, and the spread of new materials and inventions, describing key processes and labour-saving devices. The author highlights the mutual dependence of capital and labour, the importance of secure property and savings for investment, and the effects of machines and skill on employment, wages, and living standards. Case illustrations and industry sketches show how improved transport and organization expand markets and reduce costs, while closing chapters address wages, credit, and proposals for cooperative arrangements.