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National accounts and economic value : a study in concepts

Author: Utz-Peter Reich
Publisher: Houndmills, Basingstoke, Hampshire ; New York : Palgrave, 2001.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"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,  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Utz-Peter Reich
ISBN: 0333733916 9780333733912
OCLC Number: 46634383
Description: ix, 193 pages ; 22 cm
Contents: 1. Introduction: Why Write About Value in the Context of National Accounts? --
pt. I. Nominal Accounts. 2. Transactions and Their Economic Functions. 3. Institutions and Their Economic Activities --
pt. II. Real Accounts. 4. The Index Number Problem. 5. The Quality Problem --
pt. III. Theory of Value. 6. Elements of Value Theory. 7. Value Theory in the National Accounts. 8. Value Theory in Economics. 9. Open Questions.
Responsibility: Utz-Peter Reich.
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Abstract:

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  Read more...

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