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

Print publication date: 2020

Print ISBN-13: 9780226633114

Published to Chicago Scholarship Online: September 2020

DOI: 10.7208/chicago/9780226633251.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 02 August 2021

Mining and Manufacturing

Mining and Manufacturing

(p.203) Chapter Eight Mining and Manufacturing
Capital in the Nineteenth Century

Robert E. Gallman

Paul W. Rhode

University of Chicago Press

This chapter focuses on Mining and Manufacturing, detailing Gallman’s estimation of the current-price and constant-price (1860) values of the capital stock on a decadal basis from 1840 to 1900. It provides evidence that the census estimates reflected current replacement values (net reproduction costs), rather than underpreciated book values as scholars working before Gallman had asserted.

Keywords:   Capital Stock, Mining, Manufacturing, Replacement Values, Book Values

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