[ClearCase_guy]

I agree. I am not aware of a book that covers it, but I think a fascinating story could be told of the great textile mills of the UK -- and how they were replaced by the great textile mills of New England -- which were supplanted by the great textile mills of the American South -- which were supplanted by the great textile mills of Asia.

The story can be told through many industries (New England used to make a great many shoes, as well).

A good economist should be able to clearly lay out the reasons why an industry rises and falls in one area, only to rise up again in a different area. Perhaps the blind could be made to see.

[central_va]

A good economist should be able to clearly lay out the reasons why an industry rises and falls in one area, only to rise up again in a different area. Perhaps the blind could be made to see.

Economist never think about patriotism or when we have to fight a war of attrition. That is NEVER in the calculation.