Mccloskey Article

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Mccloskey Article

• Calculating the contribution of cotton

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McCloskey Calculations
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Clark Calculations- revised estimates of total
TFP growth
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Summary
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Temin- 2 views of IR

• All growth came from the modernising sectors
  (Crafts, Harley, Clark)
• Was general increase in productivity (McCloskey,
  Landes, Ashton)
• Temin tested these by looking at the goods that
  Britain exported- if McCloskey correct, Britain
  should have had a comparative advantage in all
  mfg goods
• Finds in favor of the McCloskey view