Reference #128: Peopleware

Long ago, there were two competing theories of value, which historians called the Spanish Theory of Value and the English Theory of Value.

The Spanish Theory held that only a fixed amount of value existed — for example, as gold in the earth — so the only way to maximise wealth was to extract it more efficiently.

The English Theory held that value could be created through innovation or technology; it is from this mindset that came the Industrial Revolution.

Many managers subscribe to the Spanish Theory, in which productivity can only be increased through working more hours.

DeMarco, Lister. Peopleware, 2013. (14)

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