Measuring the Wealth of Nations: The Political Economy of National Accounts by Anwar M. Shaikh (PDF)

Description

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.

User’s Reviews

Editorial Reviews: 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 Book Description This book provides an alternative foundation for the measurement of the production of nations, applying it to the US postwar economy. From the Back Cover 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 which result are significantly different from those derived within conventional systems of national accounts Read more

Reviews from Amazon users which were colected at the time this book was published on the website:

⭐excellent book for any researcher Marxist necessary need to consult national accounts, Anwar shaikh’s GREAT work and this book is a contribution for the all marxist Literature

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