Economists and economic historians tend to use the terms capital and machinery interchangeably, even though machinery rarely constitutes one fifth and sometimes is as little as one tenth of a nation's reproducible tangible assets. This habit can distort the way economists think and talk about...

The purpose of this paper is to analyze the social construction of order in two adjacent markets in the production flow of the global garment industry. The consumer market is identified as a status market, while the production market is defined as a "standardʺ market. In a status market, order...