The Contribution of Capital to Economic Growth

  • John C. Carrington
  • George T. Edwards


The role of capital formation in assisting economic development is so much a part of the natural background to the modern economy, that it seems quite possible to under-rate its relative importance. One author, in a basic textbook on economics, reminds us that:

… the Industrial Revolution was a change in industrial method, from hand-work to work done by machines driven by power, and in industrial organisation, from work at home to work in factories1.


Capital Stock Capital Consumption Capital Formation Capital Asset Income Share 
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Copyright information

© J. C. Carrington and G. T. Edwards 1979

Authors and Affiliations

  • John C. Carrington
  • George T. Edwards

There are no affiliations available

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