The Magnetic Telegraph, Price and Quantity Data, and the New Management of Capital
Alexander J. Field
Santa Clara University - Leavey School of Business - Economics Department
Journal of Economic History, Vol. 52, pp. 401-413, June 1992
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.
Number of Pages in PDF File: 13
Keywords: Communications, information systems, technological change, telegraphy
JEL Classification: D24, N71Accepted Paper Series
Date posted: March 20, 2008
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