Open AccessEconomic Theory and Practice in the Asian Setting, Volume 1. Committee on Economics Teaching Material for Asian Studies. (New Delhi, Wiley Eastern Ltd., 1975).
Author(s) -
Sohail J. Malik
Publication year - 1976
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v15i4pp.461-463
Subject(s) - indonesian , economics , measures of national income and output , national accounts , consumption (sociology) , new delhi , macroeconomics , regional science , agricultural economics , social science , sociology , geography , metropolitan area , archaeology , philosophy , linguistics
This collection of eight articles on macroeconomics edited bythe Com¬mittee on Economics Teaching Material for Asian Universities andpublished by Wiley Eastern Limited, New Delhi, is the first of four suchcollections; the other three deal with microeconomics, agriculture, anddevelopment. The volume under review covers seven aspects ofmacroeconomic theory. These are: national income, consumption, savings,money, trade, employment and economic growth. The national incomearticle is "The New National Income Estimates'* by H.W. Arndt and C.Ross. It highlights the structure and growth of the Indonesian economy.The initial portion is detailed and descriptive. It provides insightinto the existing data on national accounts, a comparison between oldand new estimates, and describes the many problems faced in arriv¬ing atthese. That these accounts are based on shaky statistical foundations isnot new to the Asian student of economics. In the later portion of thearticle the authors use the U.N. Year Book of National Accounts for aninteresting comparison of the components of expenditure.