Measuring the Wealth of Nations by Anwar M. Shaikh
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Measuring the Wealth of Nations
By Anwar M. Shaikh

Measuring the Wealth of Nations

The Political Economy of National Accounts

By (author) See other recent books by Anwar M. Shaikh See other recent books by E. Ahmet Tonak
Format: Paperback

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Measuring the Wealth of Nations by Anwar M. Shaikh

Book Description

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.

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Book Details

ISBN: 9780521564793
ISBN-10: 0521564794
Format: Paperback
(228mm x 152mm x 21mm)
Pages: 404
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Nov-1996
Country of Publication: United Kingdom

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