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The Marginal Efficiency of Capital: A Further Note Author(s): C. S. Soper Source: The Economic Journal, Vol. 69, No. 273 (Mar., 1959), pp. 174-177 Published by: Blackwell Publishing for the Royal Economic Society Stable URL: http://www.jstor.org/stable/2227851 . Accessed: 15/10/2011 03:07
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THE ECONOMIC JOURNAL TABLE II

[MARCH

UnitedKingdom Industrial CapitalStockand Energy-consumption Indices
1865 equals 100 Year All capital, Giffen and Stamp. (2) 100 140 164 174 213 229 234 Industrial capital, Douglas. (2) 100 154 170 198 261 277 296 All capital, Douglas. (3) 100 148 186 218 250 265 Energy consumption. (4) 100 130 159 187 202 215 232

1865 1875 1885 1895 1905 1909 1914

Sources Explanations and 1. Stamp, J., British Incomes Property(London, 1920), p. 406. The estimates for 1865-1909 and are Stamp's citation from Giffen's The Growthof Capital. The same estimates may be found as well in Douglas (below), p. 661. 2. Douglas P. H., " An Estimate of the Growth of Capital in the United Kingdom, 1865-1909" and Journal of Economic BusinessHistory, Vol. 11, August 1930, p. 675. Reference is to " Industrial Capital Owned by Residents of the U.K." at 1865 prices. 3. Ibid., pp. 679-81. Reference is to " Capital in the U.K. at 1865 prices." 4. The Index is constructed from coal-consumption...

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