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American Rings and English Mules: The Role of Economic Rationality

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  • Lars G. Sandberg

Abstract

Introduction, 25. — Observed investment behavior, 27. — The relative advantages of rings or mules in the United States and Great Britain, 29. — The role of cotton prices, 34. — Relative factor costs as a function of counts spun, 39. — Costs and benefits, 42.

Suggested Citation

  • Lars G. Sandberg, 1969. "American Rings and English Mules: The Role of Economic Rationality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(1), pages 25-43.
    • Handle: RePEc:oup:qjecon:v:83:y:1969:i:1:p:25-43.
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    File URL: http://hdl.handle.net/10.2307/1883991
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    Citations

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    Cited by:

    1. Ciliberto, Federico, 2010. "Were British cotton entrepreneurs technologically backward? Firm-level evidence on the adoption of ring spinning," Explorations in Economic History, Elsevier, vol. 47(4), pages 487-504, October.
    2. Leunig, Tim, 2002. "Can profitable arbitrage opportunities in the raw cotton market explain Britain’s continued preference for mule spinning?," Economic History Working Papers 515, London School of Economics and Political Science, Department of Economic History.
    3. David Higgins & Steve Toms, 2003. "Financial distress, corporate borrowing, and industrial decline: the Lancashire cotton spinning industry, 1918-38," Accounting History Review, Taylor & Francis Journals, vol. 13(2), pages 207-232.
    4. repec:dgr:rugggd:gd-141 is not listed on IDEAS
    5. Stephen Redding, 2002. "Path Dependence, Endogenous Innovation, and Growth," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(4), pages 1215-1248, November.
    6. Tim Leunig, 1998. "New Answers to Old Questions: Transport Costs and the Slow Adoption of Ring Spinning in Lancashire," Oxford Economic and Social History Working Papers _022, University of Oxford, Department of Economics.
    7. Florian Brugger & Christian Gehrke, 2017. "Skilling and Deskilling Technological Change in Classical Economic Theory and Its Empirical Evidence," Working Paper Series, Social and Economic Sciences 2017-02, Faculty of Social and Economic Sciences, Karl-Franzens-University Graz.
    8. Leunig, Tim, 2000. "New answers to old questions: explaining the slow adoption of ring spinning in Lancashire, 1880-1913," Economic History Working Papers 22378, London School of Economics and Political Science, Department of Economic History.

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