The Magnetic Telegraph, Price and Quantity Data, and the New Management of Capital
Journal of Economic History, Vol. 52, pp. 401-413, June 1992
13 Pages Posted: 20 Mar 2008
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: Communications, information systems, technological change, telegraphy
JEL Classification: D24, N71
Suggested Citation: Suggested Citation