ANALYTICAL TABLE OF CONTENTS Preface Foreword PART I INTRODUCTION § ı Definitiorı 2 Method 3 Interpretation page xi Xlll I 27 45 PART il THE LONDON BUILDING INDUSTRY 1845-1913 § ı Introduction Selling prices, cost of materials, efficiency wages and weighting of the f actors in: §2 Brickwork 3 Carpentry and Joinery 4 Masonry 5 Roofing 6 Plumbing 7 Painting 8 Plastering 70 71 72 74 9 The Building Industry-Costs 76 (i) The relative importance of the several trades in the building industry (ii) Derivation of the index numbers for the whole industry from the trade indexes (iii) The accuracy of the index numbers of costs for the building industry (iv) Interpretation of the corrected selling price index ıo The Building Industry-Size 87 vi § il ANALYTICAL TABLE OF CONTENTS Provisional Conclusions conceming the Building Industry page 88 (i) Short period fluctuations (ii) The trend of building costs 1850-1910 ( PART III THE LANCASHIRE COTTON INDUSTRY 1845-1913 § ı Introduction 2 Index numbers of prices (i) Selling price of grey cloth (ii) Cost of materials (iii) Efficiency wages (iv) Weighting (v) Calculationofthecorrectedindexnumbers of selling price (vi) Errors involved in the derivation of the index of real costs 3 The Size of the lndustry (i) Yam produced and consumed (ii) Changes in the size of the representative firm 4 Provisional conclusions IOO IOI III PART iV THE CLEVELAND PIG IRON INDUSTRY 1883-1925 § ı Introduction 2 Index Numbers, ete. (i) Selling price (İİ) Cost of Materials (iii) Cost of Labour 120 122 ANALYTICAL TABLE OF CONTENTS vii (iv) Changes in the value of money (v) The weighting of corrections for the different factors (vi) Statistical Errors (vii) Interpretation of the index of real cost of pig iron 3 The size of the industry, materials used, and size of the firms engaged therein page 140 4 Provisional Conclusions PART V THE MASSACHUSETTS COTTON INDUSTRY 1845-1920 § ı lntroduction 2 The index numbers of prices and costs (i) Selling price (ii) Cost of materials (iii) Efficiency wages (iv) The weighting of the different items of expense (v) The calculation of the index numbers of real cost (vi) Errors in the derivation of the index of real costs 3 The size of the industry and of the firms engaged therein 203 (i) The industry as a whole (ii) Size of establishments (iii) Size of the unit of control 4 Provisional Conclusions viii ANALYTICAL TABLE OF CONTENTS PART VI THE AMERICAN PIG IRON INDUSTRY 1883-1925 § ı Introduction page 219 2 The index numbers of prices and costs 222 (i) Selling price (ii) Materials (iii) Labour (iv) The weighting of the factors (v) The calculation of the index numbers of real cost (vi) Statistical errors in the index numbers of real cost 3 The size of the industry and of the operating units 233 (i) The size of the industry (ii) The size of the firms engaged in the industry 4 Provisional Conclusions 236 PART VII CONCLUSION § ı Summary of results 2 Historical aspects 3 Elasticities of return 4 Causation STATISTICAL APPENDICES APPENDIX I THE LONDON BUILDING lNDUSTRY 1845-1913 APPENDIX II THE LANCASHIRE COTTON lNDUSTRY 1845-1913 273 ANALYTICAL TABLE OF CONTENTS ix APPENDIX III THE CLEVELAND PIG IRON INDUSTRY 1883-1925 page 278 APPENDIX IV THE MASSACHUSETTS COTTON INDUSTRY 1845-1920 287 APPENDIX V THE AMERICAN PIG lRON lNDUSTRY 1883-1925 293 Index 299