Originally published in 1953, this book presents a series of studies regarding capital accumulation and investment, both in Britain and internationally, during the period 1870 to 1913. The text was written by the renowned British economist and protégé of Keynes, Sir Alexander Kirkland Cairncross (1911–98). Observations are backed up with detailed statistical information, including numerous figures and tables. This book will be of value to anyone with an interest in the writings of Cairncross and economic history.