Measuring the Wealth of Nations: The Political Economy of National Accounts - Hardcover
This book provides an alternate foundation for the measurement of the production of nations, and applies it to the U.S. economy for the postwar period. The patterns that 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 the creation of new wealth, when in fact they should be classified as forms of social consumption that, like personal consumption, actually use up social wealth in the performance of their functions.
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Book Description:
This study provides an alternate foundation for the measurement of the production of nations, and applies it to the U.S. economy for the postwar period. The patterns that result are significantly different from those derived within conventional systems of national accounts.
Review:
"...it will be widely welcomed, and, more importantly, widely read." Review of Radical Political Economics
"Shaikh and Tonak's book is certain to become the standard reference....obviously a 'must read' for all those interested in heterodox empirical work...." Journal of Economic Literature
"...[an] impresssive work...The pattern of production that emerges from this analysis is quite different from that of the conventional accounts." E. Kacapyr, Choice
"Their main contribution is to develop an extremely detailed, consistent, and comprehensive alternative to the conventional input-output tables and income and product accounts, based on the classical distinction between production and nonproduction activities....no one has succeeded to the same degree. Shaikh and Tonak's book is certain to become the standard reference for further empirical work in this tradition....This book is obviously a 'must read' for all those interested in heterodox empirical work...." Fred Moseley, Journal of Economic Literature
"Shaikh and Tonak's book is certain to become the standard reference....obviously a 'must read' for all those interested in heterodox empirical work...." Journal of Economic Literature
"...[an] impresssive work...The pattern of production that emerges from this analysis is quite different from that of the conventional accounts." E. Kacapyr, Choice
"Their main contribution is to develop an extremely detailed, consistent, and comprehensive alternative to the conventional input-output tables and income and product accounts, based on the classical distinction between production and nonproduction activities....no one has succeeded to the same degree. Shaikh and Tonak's book is certain to become the standard reference for further empirical work in this tradition....This book is obviously a 'must read' for all those interested in heterodox empirical work...." Fred Moseley, Journal of Economic Literature
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- PublisherCambridge University Press
- Publication date1994
- ISBN 10 0521414245
- ISBN 13 9780521414241
- BindingHardcover
- Number of pages400
- Rating
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Measuring the Wealth of Nations: The Political Economy of National Accounts
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Cambridge University Press
(1994)
ISBN 10: 0521414245
ISBN 13: 9780521414241
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Book Description Condition: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,800grams, ISBN:9780521414241. Seller Inventory # 9880236
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