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An earlier version of this paper was presented at a workshop meeting on “Historische Theorien des fortgeschrittenen Industriekapitalismus” in Bad Homburg in July 1982. Comments then and later by L.F. Haber, E.J. Hobs‐bawm, J. Kocka, S. Pollard, K. Amark have substantially influenced the present version though these persons should not be blamed for my shortcomings.
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