The Structure of Production

New Revised Edition

Business & Finance, Accounting, Management, Financial
Cover of the book The Structure of Production by Mark Skousen, NYU Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Mark Skousen ISBN: 9781479869954
Publisher: NYU Press Publication: September 25, 2015
Imprint: NYU Press Language: English
Author: Mark Skousen
ISBN: 9781479869954
Publisher: NYU Press
Publication: September 25, 2015
Imprint: NYU Press
Language: English

In 2014, the U. S. government adopted a new quarterly statistic called gross output (GO), the most significance advance in national income accounting since gross domestic product (GDP) was developed in the 1940s. The announcement came as a triumph for Mark Skousen, who advocated GO nearly 25 years ago as an essential macroeconomic tool and a better way to measure the economy and the business cycle. Now it has become an official statistic issued quarterly by the Bureau of Economic Analysis at the U. S. Department of Commerce.

In this new revised edition of Structure of Production, Skousen shows why GO is a more accurate and comprehensive measure of the economy because it includes business-to-business transactions that move the supply chain along to final use. (GDP measures the value of finished goods and services only, and omits B-to-B activity.) GO is an attempt to measure spending at all stages of production. Using GO, Skousen demonstrates that the supply-side of the business spending is far more important than consumer spending, is more consistent with economic growth theory, and a better measure of the business cycle.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In 2014, the U. S. government adopted a new quarterly statistic called gross output (GO), the most significance advance in national income accounting since gross domestic product (GDP) was developed in the 1940s. The announcement came as a triumph for Mark Skousen, who advocated GO nearly 25 years ago as an essential macroeconomic tool and a better way to measure the economy and the business cycle. Now it has become an official statistic issued quarterly by the Bureau of Economic Analysis at the U. S. Department of Commerce.

In this new revised edition of Structure of Production, Skousen shows why GO is a more accurate and comprehensive measure of the economy because it includes business-to-business transactions that move the supply chain along to final use. (GDP measures the value of finished goods and services only, and omits B-to-B activity.) GO is an attempt to measure spending at all stages of production. Using GO, Skousen demonstrates that the supply-side of the business spending is far more important than consumer spending, is more consistent with economic growth theory, and a better measure of the business cycle.

More books from NYU Press

Cover of the book Clarence Thomas and the Tough Love Crowd by Mark Skousen
Cover of the book The Mystery of the Rosary by Mark Skousen
Cover of the book Clipped Wings by Mark Skousen
Cover of the book The Hip-Hop Generation Fights Back by Mark Skousen
Cover of the book Noise and Spirit by Mark Skousen
Cover of the book Max Yergan by Mark Skousen
Cover of the book The Political Thought of Frederick Douglass by Mark Skousen
Cover of the book Sing Sing Sing by Mark Skousen
Cover of the book Class Unknown by Mark Skousen
Cover of the book Democratizing Inequalities by Mark Skousen
Cover of the book The Case for Pragmatic Psychology by Mark Skousen
Cover of the book Pillars of Cloud and Fire by Mark Skousen
Cover of the book Children at Play by Mark Skousen
Cover of the book The Debate Over Slavery by Mark Skousen
Cover of the book Consorts of the Caliphs by Mark Skousen
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy