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The Cambridge Economic History of Europe: The Industrial - download pdf or read online

By Peter Mathias, M. M. Postan

ISBN-10: 0521215919

ISBN-13: 9780521215916

The 7th quantity of The Cambridge monetary background of Europe is the second one of a bunch of 3 to hide the commercial heritage of the Western international (including the U.S. and Japan) in the course of and because the economic Revolution. the most topic of this quantity is the function performed within the development of the economic economies via capital, labour, and company. Separate chapters examine each one of those components for the vital economies.

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Extra info for The Cambridge Economic History of Europe: The Industrial Economies: Capital, Labour and Enterprise: The United States, Japan and Russia

Sample text

In 1870, real per capita Southern income was only about six-tenths as high as it had been in i860 and it was not until 1880 that the pre-war level was again attained. 30 In summary, it appears that in part the measured rise in the conventional savings rate reflects a shift from unconventional to conventional forms of saving. But that is only part of the story. The savings rate including unconventional components of saving - almost certainly did rise. In the following sections we consider the factors that were responsible for the increase in the savings rate.

1840 1850 i860 1870 i88o 1890 1900 15-2 15-6 16-1 84-8 84-4 83-9 14-7 23-9 27-3 34-0 85-3 76-1 72-7 66-0 45-3 44-2 48-7 48-8 62-0 64-4 67-2 Transportation and public utilities Imp. Eq. 54-7 55-8 15-1 19-5 21-6 24-0 22-4 23-7 27-9 51-3 5T2 38-0 35-6 32-8 SOURCE. Gallman and Imp. 84-9 80-5 78-4 76-0 77-6 76-3 72-1 _, All other Total Eq. Imp. Eq. Imp. 13-8 10-9 12-8 16-2 22-1 86-2 89-1 87-2 83-8 18-3 17-4 18-6 22-2 29-2 81-7 82-6 81-4 77-8 70-8 65-6 60-9 27-3 29-I Howie, 'Fixed Reproducible Capital'.

Although data on the behaviour of nineteenth-century corporations are notoriously poor, those that we have suggest that the corporate sector grew relative to the rest of the economy, but that those new corporations were not heavy savers. For the seven states covered by Cambridge Histories Online © Cambridge University Press, 2008 Table 16. d. d. d. d. d. d. d. cn 0 c/> 1686 758 773 1,549 2,335 8,771 1,101 3,859 3,048 11,355 19,805 8,059 19,640 4,181" 5,995 13,474 — 124-6 52-2 36-8 5,945 " 1837-9 only.

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The Cambridge Economic History of Europe: The Industrial Economies: Capital, Labour and Enterprise: The United States, Japan and Russia by Peter Mathias, M. M. Postan

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