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National Accounting and Economic Policy
The United States and UN Systems
This volume reflects the pioneering contribution of Nancy and Richard Ruggles to the development of national accounts. It provides a comprehensive overview of the evolution of national accounting systems over the last 50 years. The book is divided into three parts: the evolution of national accounting, the United States national accounts and the United Nations system of national accounts. The authors look at the treatment of pensions, insurance, and value added in national accounting, and the relationship between national income accounting and economic policy. They then look at the conceptual basis and evolution of national accounting systems in the United States between 1947 and 1977 and the integrated economic accounts between 1947 and 1980. Finally, the book includes a review of the major issues in the United Nations system of national accounts, both in terms of measurement and in their applicability to economies in transition and developing countries.
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What Reviewers Are Saying
'Richard Ruggles, often assisted by Nancy Ruggles, has been a major contributor to national income accounting and to the empirical study of microeconomics and macroeconomics using that and other data. He has focused on the quantitative analysis of actual economic systems in a discipline increasingly preoccupied with abstract pure conceptual models. Like the work of Simon Kuznets and others, Ruggles's analyses encompass an unusually wide range of variables.' -- Warren J. Samuels, Michigan State University, US 'They are clearly a classic team that has contributed enormously to national income account analysis over the years. The recent concern about measuring prices and productivity and about the correct indexing for Social Security has brought renewed attention to their work. Every serious economics library should have the volumes.' -- Martin Feldstein, National Bureau of Economic Research, US 'The papers speak for themselves and demonstrate the magnitude of the contribution which Nancy and Richard Ruggles have made to the subject of economic accounting in the last half century. In contrast to many introverted and overly technical manuals and articles on national accounts, their papers are invariably clear, stimulating and readable.' -- From the foreword by Peter Hill