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Capital in the Nineteenth Century - Chicago Scholarship Online
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Capital in the Nineteenth Century

Robert E. Gallman and Paul W. Rhode


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 critical input to economic history. 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 pr ... More

Keywords: Capital Stock, Wealth, Capital Formation, Economic Growth, Productivity, Structural Change, National Income Accounts

Bibliographic Information

Print publication date: 2020 Print ISBN-13: 9780226633114
Published to Chicago Scholarship Online: September 2020 DOI:10.7208/chicago/9780226633251.001.0001


Affiliations are at time of print publication.

Robert E. Gallman, author

Paul W. Rhode, author
University of Michigan