Not as strong as the Environmental Kuznets Curve hypothesis implies. A Critical Survey by Richard W. England and Jonathan M. Harris Gross National Product and allied accounting concepts have been sharply criticized by a wide array of commentators during the past half-century. Part II provides a critical review of proposed alternatives to GNP, such as Total Incomes System of Accounts, Integrated Economic and Environmental Satellite Accounts, the Human Development Index, and the Index of Sustainable Economic Welfare. This comprehensive summary of GNP critiques and alternatives is appropriate both for professional and classroom use.
Investment intimately links the present with the future.
Yet the U.S. system of allocating investment capital threatens the long-term growth of the national economy. This essay identifies the institutional, legal, and other factors that, taken together, create problems in the U.S. system of investment allocation.