Charles Babbage's On the Economy of Machines and Production is an outstanding work dealing with important aspects of industrial production and the impact of mechanization on the economy. The author examines the role of machines in production, the efficiency of their use and the impact on cost reduction. The book contains an analysis of different types of industrial processes, as well as a comparison of the costs of manual labor and the use of machines. This work by Charles Babbage is considered a classic study in economics and engineering that remains relevant even in today's world of industrial innovation.