[PDF] Measuring National Income in the Centrally Planned Economies by William Jefferies | Perlego
Get access to over 600,000 titles
Start your free trial today and explore our endless library.
Start free trial
Join perlego now to get access to over 600,000 books
Join perlego now to get access to over 600,000 books
Measuring National Income in the Centrally Planned Economies
Measuring National Income in the Centrally Planned Economies

Measuring National Income in the Centrally Planned Economies

William Jefferies
This book is unavailable in your country
Start free trial
shareBook
Share book
pages
158 pages
language
English
format
ePUB (mobile friendly)
This book is unavailable in your country

Measuring National Income in the Centrally Planned Economies

William Jefferies
Book details
Table of contents

About This Book

In 1991 "Communism" collapsed. The cold war was over and the West had won. Whole cities, Moscow, St Petersburg, Warsaw, Beijing, Budapest and Bucharest, whole countries indeed, were privatised for nothing or next to nothing. This was probably the greatest expansion of the world market in history. And yet, according to national income measurements of the CIA, OECD, World Bank and IMF, this gigantic expansion of market production, led to a decline in market production in the very countries where it was introduced. How to explain this paradox?

This book traces the origin of the West's national income measurements, from their origin in the 1923/4 Balance developed in the USSR, to the USA in the early 1930s via two Soviet exiles, Simon Kuznets and Wassily Leontief, and then back to the USSR again, after a vigorous debate, through a protégé of Kuznets, Abram Bergson. The AFC imputed national incomes to a centrally planned economy, based on physical not income measurements. This book provides a detailed assessment of the failure of the AFC method to measure the real growth of actual market production during the transition period.

This book provides a detailed account of the application of national income measurements to the centrally planned economies. It assesses all of the major contributors to this debate, including Colin Clark, Naum Jasny, Alexander Gerschenkron, G.Warren Nutter and Abram Bergson. It provides a new much higher, estimate of the expansion of market production during the transition period, based on an estimate of the actual growth of real market production. It discusses the very significant implications of this re-estimate for contemporary theories of globalisation.

Read More

Information

Publisher
Taylor and Francis
Year
2014
ISBN
9781317594925
Topic
Business
Subtopic
Business General
Edition
1

Table of contents