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As the accelerated technological advances of the past two decades continue to reshape the United States' economy, intangible assets and high-technology investments are taking larger roles. These developments have raised a number of concerns, such as: how do we measure intangible assets? Are we accurately appraising newer, high-technology capital? The answers to these questions have broad implications for the assessment of the economy's growth over the long term, for the pace of technological advancement in the economy, and for estimates of the nation's wealth.

In Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger, Daniel Sichel, and a host of distinguished collaborators offer new approaches for measuring capital in an economy that is increasingly dominated by high-technology capital and intangible assets. As the contributors show, high-tech capital and intangible assets affect the economy in ways that are notoriously difficult to appraise. In this detailed and thorough analysis of the problem and its solutions, the contributors study the nature of these relationships and provide guidance as to what factors should be included in calculations of different types of capital for economists, policymakers, and the financial and accounting communities alike.

At the dawn of the twentieth century, the US-Mexico border was home to some of the largest and most technologically advanced industrial copper mines. This despite being geographically, culturally, and financially far-removed from traditional urban centers of power. Mining the Borderlands argues that this was only possible because of the emergence of mining engineers—a distinct technocratic class of professionals who connected capital, labor, and expertise. 

Mining engineers moved easily between remote mining camps and the upscale parlors of east coast investors. Working as labor managers and technical experts, they were involved in the daily negotiations, which brought private US capital to the southwestern border. The success of the massive capital-intensive mining ventures in the region depended on their ability to construct different networks, serving as intermediaries to groups that rarely coincided. 

Grossman argues that this didn’t just lead to bigger and more efficient mines, but served as part of the ongoing project of American territorial and economic expansion. By integrating the history of technical expertise into the history of the transnational mining industry, this in-depth look at borderlands mining explains how American economic hegemony was established in a border region peripheral to the federal governments of both Washington, D.C. and Mexico City.

PREFACE AND ACKNOWLEDGMENTS

EDITOR'S INTRODUCTION

INTRODUCTION

1. THE MONETARY POLICY OF THE UNITED STATES AFTER THE RECOVERY FROM THE 1920 CRISIS (1925)
2. SOME REMARKS ON THE PROBLEM OF IMPUTATION (1926)
3. ON THE PROBLEM OF THE THEORY OF INTEREST (1927)
4. INTERTEMPORAL PRICE EQUILIBRIUM AND MOVEMENTS IN THE VALUE OF MONEY (1928)
5. THE FATE OF THE GOLD STANDARD (1932)
6. CAPITAL CONSUMPTION (1932)
7. ON 'NEUTRAL MONEY' (1933)
8. TECHNICAL PROGRESS AND EXCESS CAPACITY (1936)

Two reviews

MARGINAL UTILITY AND ECONOMIC CALCULATION (1925)
THE EXCHANGE VALUE OF MONEY (1929)

NAME INDEX

Karl Marx's great work, Capital, has intrigued and puzzled readers for more than a century by its mystifyingly intricate arguments and dramatic literary embellishments. In this book, Robert Paul Wolff dispels much of the mystery surrounding Capital by providing a literary-philosophical analysis of the text and of Marx's intentions.