Measuring the Wealth of Nations: The Political Economy of National Accounts

Measuring the Wealth of Nations: The Political Economy of National Accounts

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Overview

Measuring the Wealth of Nations: The Political Economy of National Accounts by Anwar M. Shaikh, E. Ahmet Tonak

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.

Product Details

ISBN-13: 9780521564793
Publisher: Cambridge University Press
Publication date: 09/28/2004
Edition description: Reprint
Pages: 404
Product dimensions: 5.98(w) x 8.98(h) x 0.83(d)

Table of Contents

1. Introduction; 2. The basic theoretical foundations; 3. Marxian categories and national accounts: money value flows; 4. Marxian categories and national accounts: labor value calculations; 5. Empirical estimates of Marxian categories; 6. A critical analysis of previous empirical studies; 7. Summary and conclusions.

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