National Accounts and Economic Value: A Study in Concepts by Utz-Peter Reich

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Author
Utz-Peter Reich
Publisher
Palgrave MacMillan
Date of release
Pages
208
ISBN
9781283182997
Binding
ebook
Illustrations
Format
PDF, EPUB, MOBI, TXT, DOC
Rating
5
33

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National Accounts and Economic Value: A Study in Concepts

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Book review

Utz-Peter Reich addresses economists interested in a sound empirical foundation for their theoretical concepts. He investigates economic value and determines how value is defined in theory, which is microeconomic, and how it is measured in practice in national accounts. He demonstrates that microeconomic theory is not made to guide or interpret national accounts figures and he offers an alternative theory.


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