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Progress in Balancing the National Accounts

In: National Income and Economic Progress

Author

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  • Richard Stone

Abstract

It is a great pleasure for me to be able to contribute to this volume in honour of Colin Clark. Colin is one of the key links in the long thin chain of political arithmeticians that stretches back to William Petty, and his work was the main inspiration for mine. Indeed I owe him more than inspiration. He was my teacher at Cambridge and we became close friends. When in 1937 he left England for Australia he passed on to me the running of a little monthly called Trends, which appeared as a supplement to Industry Illustrated and for which he had been regularly compiling time series of output, consumption, investment, foreign trade, employment, prices and other indicators of economic performance. I continued in his footsteps and it was in this way that I sharpened my claws as a national accountant.

Suggested Citation

  • Richard Stone, 1988. "Progress in Balancing the National Accounts," Palgrave Macmillan Books, in: Duncan Ironmonger & J. O. N. Perkins & Tran Hoa (ed.), National Income and Economic Progress, chapter 2, pages 21-31, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19340-0_3
    DOI: 10.1007/978-1-349-19340-0_3
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    Cited by:

    1. Tran Van Hoa & Lindsay Turner & Jo Vu, 2018. "Economic impact of Chinese tourism on Australia," Tourism Economics, , vol. 24(6), pages 677-689, September.
    2. Tran Van Hoa, 2003. "New Asian Regionalism: Evidence of ASEAN+3 Free Trade Agreement From Extended Gravity Theory and New Modelling Approach," Economics Working Papers wp03-03, School of Economics, University of Wollongong, NSW, Australia.
    3. Tran Van Hoa, 2004. "Australia-Thailand Free Trade Agreement: Challenges and Opportunities for Bilateral Trade Policy and Closer Economic Relations," Economics Working Papers wp04-12, School of Economics, University of Wollongong, NSW, Australia.
    4. Suzuki, Tomo, 2003. "The epistemology of macroeconomic reality: The Keynesian Revolution from an accounting point of view," Accounting, Organizations and Society, Elsevier, vol. 28(5), pages 471-517, July.

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