2 This seems related to the idea that history matters; that economic development is path dependent. The work of Brian Arthur emphasizes path dependence. In development economics we examine this notion when we look at history versus expectations, work by K. Matsuyama and Paul Krugman. It is interesting, in this regard, to remember that Rostow’s Stages of Economic Growth was written as a manifest...

industry, for it has a unique place in the history of England's industhai revolution. Rostow gives it the ultimate accolade: "the original leading sector in the first take-off," and to Crafts and Harley, "the really big issue [in determining the rate of growth during the industrial revolution] is undoubtedly the weighting of cotton rather than the correct distribution of value added weights amo...