Measuring the wealth of nations: the political economy of national accounts

This book provides an alternative foundation for the measurement of the production of nations, and applies it to the US economy for the postwar period. The patterns which result are significantly different from those derived within conventional systems of national accounts. Conventional national acc...

Full description

Saved in:
Bibliographic Details
Main Author: Shaikh, Anwar (Author)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 1994
Subjects:
Online Access:BSB01
UBG01
Volltext
Summary:This book provides an alternative foundation for the measurement of the production of nations, and applies it to the US economy for the postwar period. The patterns which result are significantly different from those derived within conventional systems of national accounts. Conventional national accounts seriously distort basic economic aggregates, because they classify military, bureaucratic and financial activities as creation of new wealth, when in fact they should be classified as forms of social consumption which, like personal consumption, actually use up social wealth in the performance of their functions. The difference between the two approaches has an impact not only on basic aggregate economic measures, but also on the very understanding of the observed patterns of growth and stagnation. In a world of burgeoning militaries, bureaucracies, and sales forces, such matters can assume great importance at the levels of both theory and policy
Item Description:Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Physical Description:1 online resource (xvii, 380 pages)
ISBN:9780511528330
DOI:10.1017/CBO9780511528330

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text