Brown's shipbuilding

Brown's shipbuilding refers to a theoretical concept developed by economist Alfred E. Brown, illustrating how investments in shipbuilding and related industries can stimulate economic growth. It emphasizes the interconnectedness of an economy, where increased spending on ships and infrastructure leads to higher employment, income, and demand across various sectors. By boosting ship production, Brown's model shows a ripple effect: more jobs, higher wages, and greater purchasing power, which collectively advance overall economic development. It highlights the importance of strategic investments in capital goods to promote sustainable economic expansion and industrial productivity.