Appendix I-H: The Measurement of Capital

Appendix I-H: The Measurement of Capital

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This paper will review the various methods for measuring capital that have found common acceptance in the literature. Each method measures a different aspect of capital, and each will be evaluated critically in terms of its ability to measure that concept of capital to which it is directed. In addition the paper proposes a supplementary measure of capital—value added on wealth account—based upon the net market value of establishments.

Publication Date

1964

Publisher

National Bureau of Economic Research/U.S. Government Printing Office

Keywords

capital, capital theory, economics

Disciplines

Economics

Comments

In Measuring the Nation's Wealth. Dr. Smith's chapter begins on page 329.

Peer Reviewed

1

Copyright

National Bureau of Economic Research

Appendix I-H: The Measurement of Capital

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