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Studies in Capital Formation in the United Kingdom 1750-1920 (Hardcover)
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Studies in Capital Formation in the United Kingdom 1750-1920 (Hardcover)
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Capital formation plays a large part in any evaluation of economic
growth and decline. In recent years the provision of capital in the
British industrial revolution has received renewed attention. This
interest arises out of attempts to trace the course and explain the
progress of the pioneer industrializing country; to assess the
reasons for Britain's subsequent loss of economic pre-eminence; and
to explain the process of industrialization in a general way, in
particular on behalf of countries which are in the midst of this
process today. The debate has been largely theoretical because of
the lack of reliable data for the period prior to 1850, and
up-to-date estimates for the period thereafter. This book seeks to
remedy this lack. Part I, based largely on archival and other
primary sources, contains detailed studies of the amount of capital
invested in the main sectors of the economy (coal mining,
agriculture, textiles, roads and waterways) from 1750-1850. Part II
provides for the first time a comprehensive set of estimates
compiled on a consistent basis for the entire period from
1750-1920. It thus provides the foundation for a full study of
capital accumulation in Britain from the industrial revolution to
the First World War.
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