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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.

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  • 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
    DOI: 10.1111/j.1471-8847.2009.00322.x
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    Cited by:

    1. Fernando Rugitsky, 2015. "Financialization, Housing Bubble, and the Great Recession: an interpretation based on a circuit of capital model," Working Papers, Department of Economics 2015_24, University of São Paulo (FEA-USP).
    2. David F. Hendry, 2020. "A Short History of Macro-econometric Modelling," Economics Papers 2020-W01, Economics Group, Nuffield College, University of Oxford.
    3. Brunhart, Andreas, 2012. "Identification of Liechtenstein's Historic Economic Growth and Business Cycles by Econometric Extensions of Data Series," MPRA Paper 44628, University Library of Munich, Germany.
    4. Geoff Tily, 2012. "Keynes’s monetary theory of interest," BIS Papers chapters, in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 51-81, Bank for International Settlements.
    5. V. K. Shrotryia & Shashank Vikram Pratap Singh, 2020. "Measuring Progress Beyond GDP: A Theoretical Perspective," Emerging Economy Studies, International Management Institute, vol. 6(2), pages 143-165, November.
    6. Jacob Assa & Ingrid H. Kvangraven, 2018. "Imputing Away the Ladder: Implications of Changes in National Accounting Standards for Assessing Inter-country Inequalities," Working Papers 1813, New School for Social Research, Department of Economics.
    7. Claudius Graebner & Stephan Puehringer, 2021. "Competition universalism: Its historical origins and timely alternatives," ICAE Working Papers 125, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.

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