Clark, Gregory; O'Rourke, Kevin Hjortshøj; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2008
supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations … have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … for 1760 and 1850. Neither claim is supported. Trade was vital for the progress of the industrial revolution; but it was …