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The Magnetic Telegraph, Price and Quantity Data, and the New Management of Capital

Published online by Cambridge University Press:  03 March 2009

Alexander James Field
Alexander James Field
Affiliation:
Professor of Economics, Santa Clara University, Santa Clara, CA 95053.
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Abstract

The contribution to growth of telegraphic- as opposed to rail-speed transmission of financial asset and commodity price data remains unclear. With more certainty we can identify savings in the holdings of real capital—savings made possible by the use of the telegraph at the firm level to implement tight systems of logistical control.

Type
Papers Presented at the Fifty-First Annual Meeting of the Economic History Association
Information
The Journal of Economic History , Volume 52 , Issue 2 , June 1992 , pp. 401 - 413
Copyright
Copyright © The Economic History Association 1992

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