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National Accounts and Economic Value: A Study in Concepts

National Accounts and Economic Value: A Study in Concepts

Hardcover

AccountingEconomics

ISBN10: 0333733916
ISBN13: 9780333733912
Publisher: Palgrave
Published: Aug 8 2001
Pages: 193
Weight: 0.94
Height: 0.73 Width: 5.64 Depth: 8.76
Language: English
Utz-Peter Reich addresses economists interested in a sound empirical foundation for their theoretical concepts. He investigates economic value and determines how value is defined in theory, which is microeconomic, and how it is measured in practice in national accounts. He demonstrates that microeconomic theory is not made to guide or interpret national accounts figures and he offers an alternative theory.

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Economics