The Magnetic Telegraph, Price and Quantity Data, and the New Management of Capital
- 1 June 1992
- journal article
- Published by Cambridge University Press (CUP) in The Journal of Economic History
- Vol. 52 (2) , 401-413
- https://doi.org/10.1017/s0022050700010822
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.Keywords
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