Measuring the UK Economy
Prepublication version of ‘Measuring the UK Economy’, in Dorling, D. and Simpson, S. (1999) Statistics and Society, p361-369. London Arnold. ISBN 0 340 71994 X. This article demonstrates that the System of National Accounts (SNA) implicitly specify a conception of value. They divide all productive activities into those which create value (paid labour and capital, the factors of production) and those which merely transmit pre-existing value such as the state, or which are not treated as creative of value at all, such as unpaid labour. The measures of output derived from the System of National Accounts are consequently not factually neutral or objective but arise from a specific conception of value. As Anwar Shaikh and Ertugrul Tonak have shown, a different concept of value – such as the idea that labour only is productive of value leads to a different set of measures of output arise, both for the economy as a whole and for each sector. The article shows how to transform the national accounts of the UK from their present form to one in which only labour is considered productive of value.
|Date of creation:||1999|
|Publication status:||Published in in Dorling, D. and Simpson, S. (1999) Statistics and Society,. London Arnold. ISBN 0 340 71994 X. (1999): pp. 361-369|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Freeman, Alan, 1991. "National Accounts in Value Terms: The Social Wage and Profit Rate in Britain 1950-1986," MPRA Paper 52760, University Library of Munich, Germany, revised 05 Feb 1991.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:6894. 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: (Joachim Winter)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.