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CentrePiece article
In brief...Cotton and Cars: the Huge Gains from Process Innovation Tim Leunig and Joachim Voth
October 2011
Paper No' CEPCP347:
Read Abstract | Full Paper (pdf)

CentrePiece 16 (2) Autumn 2011

JEL Classification: N22;N24;O31;O40

Tags: process innovations; new goods; welfare; consumer surplus; mechanisation; mass production; automobiles; cotton; industrial revolution; second industrial revolution