Book Review: GDP
CFA Institute Enterprising Investor (blog)
Simon Kuznets, who pioneered GDP computation in the United States, thought an enlightened society should publish a version of its national accounts that excludes expenditures on armaments. He also suggested that it would be salutary to omit most ...
Measuring economic development
The Economist (blog)
It seems that whenever a new measure comes out, the results are worse than the measure that we used to rely on (see chart 2). GDP is consistently the most optimistic. But that is no bad thing. As Simon Kuznets, who is often credited with inventing GDP ...
Japan now at a crossroads
The Japan Times
... while the European Parliament's Beyond GDP Conference in 2007 (www.beyond-gdp.eu) led to a proliferation of broader scorecards focused on cash-flow accounting, which even its inventor Simon Kuznets warned was not a measure of national progress.
US GDP Is Just a State of Mind
1937 Simon Kuznets presents to Congress a research report called National Income and Capital Formation, 1919–35. The biggest thing in the world is the gross domestic product of the U.S. To equal it would take the combined earning power of a dance line ...