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.
National Bureau of Economic Research/U.S. Government Printing Office
capital, capital theory, economics
Smith, V. L. (1964). Appendix I-H: The measurement of capital. In Measuring the nation’s wealth (pp.329-354). Washington, D.C.: U.S. Government Printing Office.
National Bureau of Economic Research
In Measuring the Nation's Wealth. Dr. Smith's chapter begins on page 329.