Capital in the Nineteenth Century (Book, 2022) [WorldCat.org]
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Capital in the Nineteenth Century
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Capital in the Nineteenth Century

Author: Paul W Rhode; Robert E Gallman; National Bureau of Economic Research. NBER
Publisher: Chicago, Ill. : The University of Chicago Press, ©2019 2022
Series: NBER series on long-term factors in economic development
Edition/Format:   Print book : English
Summary:
When we think about history, we often think about people, events, ideas, and revolutions, but what about the numbers? What do the data tell us about what was, what is, and how things changed over time? Economist Robert E. Gallman (1926&;98) gathered extensive data on US capital stock and created a legacy that has, until now, been difficult for researchers to access and appraise in its entirety.Gallman measured  Read more...
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Details

Document Type: Book
All Authors / Contributors: Paul W Rhode; Robert E Gallman; National Bureau of Economic Research. NBER
ISBN: 9780226633114 022663311X 9780226821030 022682103X
OCLC Number: 1334952012
Accession No: (DK-820120)9910060076205765
Description: XVIII, 381 s.
Series Title: NBER series on long-term factors in economic development
Responsibility: Robert E Gallman, Paul W. Rhode

Abstract:

When we think about history, we often think about people, events, ideas, and revolutions, but what about the numbers? What do the data tell us about what was, what is, and how things changed over time? Economist Robert E. Gallman (1926&;98) gathered extensive data on US capital stock and created a legacy that has, until now, been difficult for researchers to access and appraise in its entirety.Gallman measured American capital stock from a range of perspectives, viewing it as the accumulation of income saved and invested, and as an input into the production process. He used the level and change in the capital stock as proxy measures for long-run economic performance. Analyzing data in this way from the end of the US colonial period to the turn of the twentieth century, Gallman placed our knowledge of the long nineteenth century&;the period during which the United States began to experience per capita income growth and became a global economic leader&;on a strong empirical foundation. Gallman&;s research was painstaking and his analysis meticulous, but he did not publish the material backing to his findings in his lifetime. Here Paul W. Rhode completes this project, giving permanence to a great economist&;s insights and craftsmanship.  Gallman&;s data speak to the role of capital in the economy, which lies at the heart of many of the most pressing issues today

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