These six papers were originally delivered to a conference at
Sheffield University in 1969 and represent an overview of a
research project led by Professor Pollard, which aimed to construct
a series of annual figures of capital formation for the Industrial
Revolution in Britain - both in aggregate and broken down into main
sectors. Each paper is accompanied by a summary of the discussion
which followed.
The problems encountered in such an undertaking are examined, a
major one being definition: what to include in the term 'capital',
how to measure or isolate expenditure under that heading, and how
to deal with changes which have made the definitions and practices
of present-day national income estimates inapplicable to earlier
centuries. Sources are also examined in depth as statistical
information is not only uncertain and often unreliable, but of
different value and completeness for different sectors of the
economy.
This book was first published in 1971.
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