An 1893 economic essay on how fashion drives the prosperity of Nottingham's machine-made lace industry. It divides the trade into curtain, plain net and fancy lace (cotton, silk and embroidery), and compares Nottingham with rivals in Calais, Switzerland and Plauen. It discusses the supposed ten-year fashion cycle, the effect of the embroidery machine, boom-and-bust conditions for machine owners and twist hands, and the influence of fashion magazines.