In this volume in the NBER series on capital formation and financing, the authors show, with supporting figures, two major trends in mining and manufacturing. The first is that this sector had a rate of growth significantly higher than that of the economy as a whole. The total capital assets of this sector increased fifteenfold from 1880 to 1948, while the total stock of all tangible wealth in the United States increased only about sixfold. The second trend is a marked diversity among industries in the rate of growth over the period and in the time pattern of that rate. The authors advance a number of explanatory hypotheses about the significance of their findings.Originally published in 1960.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

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Yes, you can access Princeton Legacy Library by Daniel Barnett Creamer,Sergei B. Dobrovolsky,Israel Borenstein in PDF and/or ePUB format, as well as other popular books in Economics & Economic Theory. We have over one million books available in our catalogue for you to explore.

Information

Publisher

Princeton University Press

Year

2015

ISBN

9781400879717

Topic

Economics

Subtopic

Economic Theory

Index

Economics

Cover
Contents
Acknowledgments
Introduction, by Simon Kuznets
Part I Capital and Output Trends in Manufacturing and Mining by Daniel Creamer and Israel Borenstein Assisted by Martin Bernstein
Part II Long Term Trends in Capital Financing by Sergei Dobrovolsky Assisted by Martin Bernstein
Part III Appendixes
Index