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On Measuring Capital

In: The Theory of Capital

Author

Listed:
  • Tibor Barna

    (National Institute of Economic and Social Research)

Abstract

There are no statistics of capital corresponding to those of output, input and employment — and this for very good reasons. While it is possible to ask sensible and economically meaningful questions about output, input and employment, no such questions about capital are, or ever will be, included in censuses of manufactures. First, instructions for the answering of questions about capital cannot be sufficiently precise. Second, in the great majority of business firms, records of assets are not in a form in which they would yield data on capital as defined by economists.

Suggested Citation

  • Tibor Barna, 1961. "On Measuring Capital," International Economic Association Series, in: D. C. Hague (ed.), The Theory of Capital, chapter 0, pages 75-94, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-08452-4_5
    DOI: 10.1007/978-1-349-08452-4_5
    as

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