ABSTRACT
In this and the next three chapters I shall implant the model of differentiation on the development of the British cotton industry between 1770 and 1840. The elements of this model are the organized roles of an industry, its value-system, dissatisfactions, symptoms of disturbance, handling and channelling, entrepreneurship, the gross movements of production, capitalization, innovation, profits, etc. To employ the empirical propositions developed in the last chapter is to account for the direction of change of these variables and their temporal relationship to each other.
