National Accounts and Economic Value
Subtitle: A Study in Concepts
Publisher: Palgrave Macmillan; Palgrave
Published: October 12, 2001
Language: eng
Format: Hardcover
Number of pages: 205
ISBN-13: 9780333733912
Subjects: Macroeconomics; Microeconomics; Performing Arts; Business / Economics / Finance; Performing Arts/Dance; Accounting - General; Economics - General; Economics - Macroeconomics; Business & Economics / Economics / General; Film & Video - General; Economics; Value
First sentence: This is the first of four chapters on the principles of national accounting, beginning with the definition of an economy.
Description: "In this book Utz-Peter Reich documents the failure of microeconomic theory to explain value in national accounts. Relying on the hypothesis that national accounts have clandestinely developed their own value theory, hidden behind a plethora of practical rules, this theory is shown to have telling similarities to classical value theory, the predecessor of the microeconomic approach.

Moving from theory to practice, the volume is an original contribution to the literature and enlarges the scope of traditional theory."--BOOK JACKET.