The Growth of Capital, written by Robert Giffen and first published in 1889, is a comprehensive examination of the economic concept of capital and its development over time. Giffen, a prominent economist and statistician of his time, explores the historical and theoretical aspects of capital, tracing its origins from the earliest forms of exchange to the modern financial systems of his day.The book is divided into three sections. The first section provides an overview of the concept of capital and its various forms, including physical, human, and financial capital. Giffen argues that the accumulation of capital is the key driver of economic growth and development, and he explores the various factors that contribute to its growth.The second section of the book examines the historical development of capital, from the earliest forms of exchange in primitive societies to the complex financial systems of modern industrial nations. Giffen traces the evolution of capital through various stages of economic development, showing how it has been shaped by technological innovation, social and political changes, and other factors.The final section of the book focuses on the contemporary state of capital and its role in the modern economy. Giffen examines the various forms of capital that exist in the modern world, including financial instruments such as stocks and bonds, and he explores the challenges and opportunities that arise from the growth of capital in the global economy.Overall, The Growth of Capital is a seminal work in the field of economics, providing a comprehensive and insightful analysis of the concept of capital and its role in economic growth and development. Giffen's work remains relevant today, as economists continue to grapple with the challenges and opportunities posed by the ongoing growth of capital in the global economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
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