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Capital in the Nineteenth Century

Robert E. Gallman and Paul W. Rhode

Published in print:
2020
Published Online:
September 2020
ISBN:
9780226633114
eISBN:
9780226633251
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226633251.001.0001
Subject:
Economics and Finance, Economic History

A nation’s capital stock is widely recognized as a crucial determinant of the productivity of its workers and the standard of living of its citizens. Tracking the evolution of capital is therefore a ... More


The United States Capital Stock, 1840–1900

Robert E. Gallman and Paul W. Rhode

in Capital in the Nineteenth Century

Published in print:
2020
Published Online:
September 2020
ISBN:
9780226633114
eISBN:
9780226633251
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226633251.003.0003
Subject:
Economics and Finance, Economic History

This chapter describes and analyzes Gallman’s estimates of the value of the United States fixed capital stock (in current prices and in 1860 prices) at decade intervals, from 1840 to 1900. It ... More


Robert Gallman’s Capital Stock Project

Robert E. Gallman and Paul W. Rhode

in Capital in the Nineteenth Century

Published in print:
2020
Published Online:
September 2020
ISBN:
9780226633114
eISBN:
9780226633251
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226633251.003.0001
Subject:
Economics and Finance, Economic History

This chapter introduces Gallman’s capital stock project. It traces its origin and evolution. It relates several of Gallman’s key observations about the pace and pattern of US economic growth.in the ... More


Capital and American Economic Growth, 1774–1980

Robert E. Gallman and Paul W. Rhode

in Capital in the Nineteenth Century

Published in print:
2020
Published Online:
September 2020
ISBN:
9780226633114
eISBN:
9780226633251
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226633251.003.0004
Subject:
Economics and Finance, Economic History

This chapter places Gallman’s estimates of the value of the United States fixed capital stock, from 1774 to 1840 into the large context. The chapter discusses using the changes in the capital stock ... More


Investment Flows and Capital Stocks

Robert E. Gallman, Paul W. Rhode, Robert E. Gallman, and Paul W. Rhode

in Capital in the Nineteenth Century

Published in print:
2020
Published Online:
September 2020
ISBN:
9780226633114
eISBN:
9780226633251
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226633251.003.0006
Subject:
Economics and Finance, Economic History

This chapter compares the two ways to estimate the value of the capital stock: by cumulating investment flows, following the perpetual inventory procedures developed by Raymond Goldsmith (1955); or ... More


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