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== Veblen == [[Thorstein Veblen]]'s 1915 ''Imperial Germany and the Industrial Revolution'' is an extended essay comparing the [[United Kingdom]] and [[Germany]],<ref>[http://socserv.mcmaster.ca/econ/ugcm/3ll3/veblen/ImperialGermany.pdf Full text] at [[McMaster University]]</ref> and concluding that the slowing of growth in Britain and the rapid advances in Germany were due to the "penalty of taking the lead". British industry worked out, in a context of small competing firms, the best ways to produce efficiently. Germany's backwardness gave it an advantage in that the best practice could be adopted in large-scale firms.
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