The national wealth of the United States in the postwar period

Raymond Goldsmith's book provides annual estimates of national wealth and its components for the period 1945-1958 in current and in constant (1947-1949) prices, and on a gross (undepreciated) and net (depreciated) basis. These figures continue and expand the author’s 1900-1945 estimates, published in __A Study of Saving in the United States, Volume III__. The estimates for aggregate national wealth are broken down by the main forms of tangible assets but also by the main economic sectors which hold these assets, thus providing wealth statements for each of the seven major sectors. This is the only set of national wealth estimates now available for the United States. Originally published in 1962. The **Princeton Legacy Library** uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905. Raymond Goldsmith's book provides annual estimates of national wealth and its components for the period 1945-1958 in current and in constant (1947-1949) prices, and on a gross (undepreciated) and net (depreciated) basis. These figures continue and expand the author's 1900-1945 estimates, published in A Study of Saving in the United States, Volume III. The estimates for aggregate national wealth are broken down by the main forms of tangible assets but also by the main economic sectors which hold these assets, thus providing wealth statements for each of the seven major sectors. This is the only set of national wealth estimates now available for the United States. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905 CONTENTS PREFACE 1. SUMMARY OF FINDINGS 2. SCOPE AND CHARACTER OF ESTIMATES 3. THE ELEMENTARY ALGEBRA OF NATIONAL WEALTH ESTIMATION 4. GROWTH OF TOTAL NATIONAL WEALTH The Postwar Period A Longer Perspective 5. CHANGES IN THE STRUCTURE OF NATIONAL WEALTH Reproducible and Nonreproducible Tangible Wealth Wealth for Production Versus Wealth for Consumption Structures, Equipment, and Inventories Domestic and International Wealth Military and Civilian Wealth Ownership of National Wealth Current Versus Constant (1947-49) Prices GrossandNetStockofWealth Capital Stock of the Main Industries 6. RELIABILITY OF THE ESTIMATES Residential Real Estate Commercial and Industrial Real Estate Corporate Depreciable Assets Farm Machinery Private Land State and Local Highways, Roads, and Streets Reproducible Tangible Wealth of the Federal Government Conclusion 7. SOME INTERNATIONAL COMPARISONS Structure of National Wealth Ratio of Net to Gross Wealth Rate of Growth of National Wealth in the Postwar Period Changes in the Structure of Wealth during the Postwar Period APPENDIX A APPENDIX B INDEXES