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George Reisman on National Income Accounting
Author(s) -
Ahiakpor James C. W.
Publication year - 2005
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.2005.00385.x
Subject(s) - confusion , george (robot) , measures of national income and output , product (mathematics) , national accounts , national income and product accounts , economics , production (economics) , accounting , actuarial science , econometrics , mathematics , macroeconomics , history , psychology , art history , geometry , psychoanalysis
A bstract . George Reisman misrepresents macroeconomists’ estimation of national income. He fails to distinguish between intermediate goods and factors of production, and he does not correctly recognize macroeconomists’ derivation of the net domestic or national product. His concept of gross national product is also grossly mistaken. This note offers a correction for his confusion.