All Posts Tagged With: "intermediate spending"

Beyond GDP: A Breakthrough in National Income Accounting

“It is apparent that a large part of a country’s total production serves for the production of capital goods and not for the production of consumer goods, and that the production of capital goods must itself become a specialized branch of manufacturing.” —Wilhelm Röpke1 Good news! The U.S. Department of Commerce, which compiles Gross Domestic [...]

1Apr2001 | Mark Skousen | 3 comments | Continued
  • © Copyright 2011 Freeman - Ideas on Liberty. All rights reserved.

    45 queries. 1.000 seconds