Construct · 1 fields · 1 citations

social savings: a standalone construct

One name. One construct. A landmark on the map.

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Economic history

the counterfactual measure of what an innovation such as railroads saved the economy compared with the next best alternative.

In economic history, social savings refers to the counterfactual measure of what an innovation such as railroads saved the economy compared with the next best alternative. This meaning comes from Fogel (1979) in The Journal of Economic History.[1]

Unit
Recovery means
Measured by

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Nearby constructs

innovation6 fields · 11 citationsjingle · one name, six constructs measure2 fields · 4 citationsjingle · one word, two constructs

References

Fogel, R. W. (1979). Notes on the Social Saving Controversy. The Journal of Economic History, 39(1), 1-54. https://doi.org/10.1017/s0022050700096285

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