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Robert E. Gallman and Paul W. Rhode: Capital in the Nineteenth Century

Robert E. Gallman and Paul W. Rhode: Capital in the Nineteenth Century Business Economics (2022) 57:81–83 https://doi.org/10.1057/s11369-021-00247-y BOOK RE VIE W University of Chicago Press, 2019. Alexander J. Field Published online: 26 November 2021 © National Association for Business Economics 2021 Robert Gallman’s emphasis on land breaking and clearing as Gallman did not reach his conclusions by crunching hun- an unconventional but important aspect of capital formation dreds of thousands of data points. He built his estimates in the U.S., particularly in the earlier decades of the nine- boulder by boulder, after examining and considering the teenth century, is well-known to economic historians. So is structural integrity of each. His main quarry was the collec- his documentation of the declining relative price of producer tion of bound census volumes familiar to denizens of library durables (equipment) across that century, and the associ- government documents departments who probe the details ated increase in the rate of capital formation (the investment of nineteenth century U.S. economic history. Gallman left rate). These insights and others emerged from a professional voluminous documentation, his work reflective of a time lifetime devoted to measuring the levels and rates of growth when version control meant a stack of carefully organized of the U.S. physical capital stock and national income and http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

Robert E. Gallman and Paul W. Rhode: Capital in the Nineteenth Century

Business Economics , Volume 57 (2) – Apr 1, 2022

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References (4)

Publisher
Springer Journals
Copyright
Copyright © National Association for Business Economics 2021
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/s11369-021-00247-y
Publisher site
See Article on Publisher Site

Abstract

Business Economics (2022) 57:81–83 https://doi.org/10.1057/s11369-021-00247-y BOOK RE VIE W University of Chicago Press, 2019. Alexander J. Field Published online: 26 November 2021 © National Association for Business Economics 2021 Robert Gallman’s emphasis on land breaking and clearing as Gallman did not reach his conclusions by crunching hun- an unconventional but important aspect of capital formation dreds of thousands of data points. He built his estimates in the U.S., particularly in the earlier decades of the nine- boulder by boulder, after examining and considering the teenth century, is well-known to economic historians. So is structural integrity of each. His main quarry was the collec- his documentation of the declining relative price of producer tion of bound census volumes familiar to denizens of library durables (equipment) across that century, and the associ- government documents departments who probe the details ated increase in the rate of capital formation (the investment of nineteenth century U.S. economic history. Gallman left rate). These insights and others emerged from a professional voluminous documentation, his work reflective of a time lifetime devoted to measuring the levels and rates of growth when version control meant a stack of carefully organized of the U.S. physical capital stock and national income and

Journal

Business EconomicsSpringer Journals

Published: Apr 1, 2022

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