Real Gross Domestic Private Product, 2000–2012, ROBERT HIGGS In the 1930s and 1940s, when the modern system of national income and product accounts (NIPA) was being developed, the scope of national product was a hotly debated topic. No issue stirred more debate than the question, Should government product be included in gross product? Simon Kuznets (Nobel laureate in economic sciences, 1971), the most important American contributor to the development of the accounts, had major reservations about including all government purchases in national product. Over the years, others have elaborated on the reasons he gave and adduced others. independent.org/pdf/tir/tir_18_01_10_higgs.pdf
Posted on: Thu, 27 Jun 2013 21:12:17 +0000
Trending Topics
Recently Viewed Topics
© 2015