In "Work Efficiency and Endogenous Growth" Herman Freudenberger mentions that in 1863 Nassau Senior recanted his notorious position (ridiculed by Marx in Capital) that the entire profit of cotton manufacturers was produced in the last hour of an eleven-and-a-half hour day. Freudenberger's apparent second-hand source is page 17 of Der Grossbetrieb by Gerhart Schulze-Gaevernitz, the English translation of which is titled "The cotton trade in England and on the continent. A study in the field of the cotton industry." Unfortunately, none of the local libraries has that book in either the original or translation.
Does anyone know in what 1863 publication Senior reversed himself, if he in fact did? Since Senior died in 1864, this repentence would have come in his -- metaphorically speaking, of course -- "last hour." -- Sandwichman
