IDEAS home Printed from https://ideas.repec.org/a/oup/cambje/v29y2005i5p799-815.html
   My bibliography  Save this article

On measuring the wealth of nations: the US economy, 1964–2001

Author

Listed:
  • Simon Mohun

Abstract

This paper examines the methodology of Shaikh and Tonak (Measuring the Wealth of Nations, 1994) underlying their calculation of estimates of productive labour in the US economy from 1964 to 2001. The focus is not on the results but on the methods that generate them. The paper finds that the compromises made by Shaikh and Tonak because of data unavailability are unreliable, and that better approximations are possible. On this latter basis, the Shaikh and Tonak methodology can be used to provide the labour and wage estimates needed for empirical investigations in the surplus-based tradition. Copyright 2005, Oxford University Press.

Suggested Citation

  • Simon Mohun, 2005. "On measuring the wealth of nations: the US economy, 1964–2001," Cambridge Journal of Economics, Oxford University Press, vol. 29(5), pages 799-815, September.
  • Handle: RePEc:oup:cambje:v:29:y:2005:i:5:p:799-815
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/cje/bei043
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tavani, Daniele & Vasudevan, Ramaa, 2014. "Capitalists, workers, and managers: Wage inequality and effective demand," Structural Change and Economic Dynamics, Elsevier, vol. 30(C), pages 120-131.
    2. Basu, Deepankar, 2015. "A Selective Review of Recent Quantitative Empirical Research in Marxist Political Economy," UMASS Amherst Economics Working Papers 2015-05, University of Massachusetts Amherst, Department of Economics.
    3. Jonathan F. Cogliano, 2017. "Surplus Value Production and Realization in Marxian Theory - Applications to the U.S., 1987-2015," Working Paper Series 2017-01, Dickinson College, Department of Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:29:y:2005:i:5:p:799-815. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum). General contact details of provider: https://academic.oup.com/cje .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.