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John Maynard Keynes And The Development Of National Accounts In Britain, 1895-1941

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  • Geoff Tily

Abstract

This history of National Accounts in Britain is done with two specific considerations in mind. First, the role of the economist John Maynard Keynes-as theoretician, compiler, supporter and user-is addressed. This role is substantial and has been greatly misunderstood or misrepresented by a large part of the literature. Second, the pioneering contributions made at the start of the 20th century by Alfred Flux, Arthur Bowley and Josiah Stamp, and later by Colin Clark, are detailed. The debates between these men mark the emergence of National Accounts as a serious discipline. Their work was supported by the earlier theoretical contributions of Alfred Marshall, and by practical developments, in particular the instigation of a Census of Production in 1907. Taken together, the two considerations tell a good part of the story of the emergence of National Accounting on the world stage. Copyright 2009 The Author. Journal compilation International Association for Research in Income and Wealth 2009.

Suggested Citation

  • Geoff Tily, 2009. "John Maynard Keynes And The Development Of National Accounts In Britain, 1895-1941," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(2), pages 331-359, June.
  • Handle: RePEc:bla:revinw:v:55:y:2009:i:2:p:331-359
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    1. David B. Gross & Nicholas S. Souleles, 2002. "Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data," The Quarterly Journal of Economics, Oxford University Press, vol. 117(1), pages 149-185.
    2. Johnson Kathleen W., 2007. "The Transactions Demand for Credit Cards," The B.E. Journal of Economic Analysis & Policy, De Gruyter, pages 1-33.
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    Cited by:

    1. Amassoma D & Francis Oluwatosin Esther, 2015. "The Efficacy of Monetary Policy Variables in Reducing Unemployment Rate in Nigeria," International Finance and Banking, Macrothink Institute, vol. 2(2), pages 52-71, December.

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