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The Resource Measuring national income in the centrally planned economies : why the West underestimated the transition to capitalism, William Jefferies

Measuring national income in the centrally planned economies : why the West underestimated the transition to capitalism, William Jefferies

Creator
Summary
"In 1991 "Communism" collapsed. The cold war was over and the West had won. Whole cities, Moscow, St Petersburg, Warsaw, Beijing, Budapest and Bucharest, whole countries indeed, were privatised for nothing or next to nothing. This was probably the greatest expansion of the world market in history. And yet, according to national income measurements of the CIA, OECD, World Bank and IMF, this gigantic expansion of market production, led to a decline in market production in the very countries where it was introduced. How to explain this paradox?This book traces the origin of the West's national income measurements, from their origin in the 1923/4 Balance developed in the USSR, to the USA in the early 1930s via two Soviet exiles, Simon Kuznets and Wassily Leontief, and then back to the USSR again, after a vigorous debate, through a protege of Kuznets, Abram Bergson. The AFC imputed national incomes to a centrally planned economy, based on physical not income measurements. This book provides a detailed assessment of the failure of the AFC method to measure the real growth of actual market production during the transition period. This book provides a detailed account of the application of national income measurements to the centrally planned economies. It assesses all of the major contributors to this debate, including Colin Clark, Naum Jasny, Alexander Gerschenkron, G.Warren Nutter and Abram Bergson. It provides a new much higher, estimate of the expansion of market production during the transition period, based on an estimate of the actual growth of real market production. It discusses the very significant implications of this re-estimate for contemporary theories of globalisation"--
Language
eng
Work
Publication
Extent
xxiv, 158 pages
Isbn
9781138818323
Instance
Label
Measuring national income in the centrally planned economies : why the West underestimated the transition to capitalism
Title
Measuring national income in the centrally planned economies
Title remainder
why the West underestimated the transition to capitalism
Statement of responsibility
William Jefferies
Creator
Subject
Language
eng
Summary
"In 1991 "Communism" collapsed. The cold war was over and the West had won. Whole cities, Moscow, St Petersburg, Warsaw, Beijing, Budapest and Bucharest, whole countries indeed, were privatised for nothing or next to nothing. This was probably the greatest expansion of the world market in history. And yet, according to national income measurements of the CIA, OECD, World Bank and IMF, this gigantic expansion of market production, led to a decline in market production in the very countries where it was introduced. How to explain this paradox?This book traces the origin of the West's national income measurements, from their origin in the 1923/4 Balance developed in the USSR, to the USA in the early 1930s via two Soviet exiles, Simon Kuznets and Wassily Leontief, and then back to the USSR again, after a vigorous debate, through a protege of Kuznets, Abram Bergson. The AFC imputed national incomes to a centrally planned economy, based on physical not income measurements. This book provides a detailed assessment of the failure of the AFC method to measure the real growth of actual market production during the transition period. This book provides a detailed account of the application of national income measurements to the centrally planned economies. It assesses all of the major contributors to this debate, including Colin Clark, Naum Jasny, Alexander Gerschenkron, G.Warren Nutter and Abram Bergson. It provides a new much higher, estimate of the expansion of market production during the transition period, based on an estimate of the actual growth of real market production. It discusses the very significant implications of this re-estimate for contemporary theories of globalisation"--
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Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorDate
1965-
http://library.link/vocab/creatorName
Jefferies, William
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
Routledge studies in the modern world economy
Series volume
136
http://library.link/vocab/subjectName
  • National income
  • Capitalism
  • Former communist countries
Label
Measuring national income in the centrally planned economies : why the West underestimated the transition to capitalism, William Jefferies
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Control code
FIEb17637533
Dimensions
24 cm.
Extent
xxiv, 158 pages
Isbn
9781138818323
Media category
unmediated
Media MARC source
rdamedia.
System control number
(OCoLC)883648685
Label
Measuring national income in the centrally planned economies : why the West underestimated the transition to capitalism, William Jefferies
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Control code
FIEb17637533
Dimensions
24 cm.
Extent
xxiv, 158 pages
Isbn
9781138818323
Media category
unmediated
Media MARC source
rdamedia.
System control number
(OCoLC)883648685

Subject

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