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The Nebraska public-power paradox is more than a case study of the elimination of private enterprise. It illustrates how, in a seemingly homogeneous economic setting, familiar social, political, economic, and geographic factors can blend uniquely to produce a nonconformist entity, explicable only in terms of its history.
The property bank, an ingenious new institution that provided badly needed capital for southern mercantile and agricultural operations, appears to have been the creation of one man's imagination. It is ironical that he died in financial embarrassment, leaving behind few clues for the curious historian.
This cross-sectional study of small business tests conventional assumptions regarding backgrounds, motivation, characteristics, function, risks, and longevity, proving many of those assumptions to be imprecise or false. Quantification in historical depth reveals definite patterns both of fixity and change.
Two recent acquisitions of the Kress Library, a part of Baker Library of the Harvard Business School, will be of particular interest to business historians. The Kress Library, rich in the history of economic institutions and business life, as well as in material on the progress of economic thought, has a strong and varied collection on bookkeeping, to which it has recently added two rare volumes.
“Second generation” historical efforts are shedding new light on the beginnings of the textile industry. Even fragmentary records, minutely examined, yield vignettes that may one day be merged to form important new chapters of industry history. The Darley Abbey story reveals rare operational detail and an interesting variant in the British pattern of development.
Difficult statistical problems notwithstanding, it is possible to trace the course in time and place of a gradual transition from agrarian to industrial pursuits. On occasion, this transition was slowed or reversed by cyclical influences, but the long-term trend of manufacturing concentration was away from the East. As the manufacturing frontier shifted, the service industries moved in and currently employ much of the capital and labor of the old industrial centers.