Overview

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.

Full Product Details

Author:   U. Reich ,  Brian Newson
Publisher:   Palgrave Macmillan
Imprint:   Palgrave Macmillan
Dimensions:   Width: 14.00cm , Height: 1.80cm , Length: 21.60cm
Weight:   0.410kg
ISBN:  

9780333733912

ISBN 10:   0333733916
Pages:   193
Publication Date:   08 August 2001
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Introduction Why Write About Value in the Context of National Accounts Nominal Accounts Transformation Real Accounts The Quality Problem Theory of Value Value Theory of the National Accounts Value Theory in Economics Open Questions Index

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Author Information

UTZ-PETER REICH is Professor of Economics and Statistics at the Mainz University of Applied Sciences. He has been Chairman of the Council of the International Association for Research and Income and Wealth. AE(00): Foreword by BRIAN NEWSON

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