The structure of production / Mark Skousen ; with a new introduction.

"In 2014, the U.S. government adopted a new quarterly statistic called gross output (GO), the most significance advance in national income accounting since gross domestic product (GDP) was developed in the 1940s. The announcement came as a triumph for Mark Skousen, who advocated GO nearly 25 ye...

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Bibliographic Details
Online Access:Electronic book from EBSCO
Main Author: Skousen, Mark (Author)
Format: eBook
Language:English
Published:New York : New York University Press, 2015.
Edition:New revised edition.
Subjects:
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049 |a LAFW 
100 1 |a Skousen, Mark,  |e author. 
245 1 4 |a The structure of production /  |c Mark Skousen ; with a new introduction. 
250 |a New revised edition. 
264 1 |a New York :  |b New York University Press,  |c 2015. 
300 |a 1 online resource :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
504 |a Includes bibliographical references and index. 
505 0 |a Introduction : the case for a new macroeconomics -- The theory of production in classical economics -- Hayek and the 1930s : a new vision of macroeconomics -- Time and production in the post-Keynesian era -- The structure of production : the building blocks -- Time and the aggregate production structure -- Savings, technology, and economic growth -- The theory of commodity money : economics of a pure gold standard -- Economics of a fiat money standard : a theory of the business cycle -- Implications for government economic policy -- Conclusions : the future of economic theory and research. 
520 |a "In 2014, the U.S. government adopted a new quarterly statistic called gross output (GO), the most significance advance in national income accounting since gross domestic product (GDP) was developed in the 1940s. The announcement came as a triumph for Mark Skousen, who advocated GO nearly 25 years ago as an essential macroeconomic tool and a better way to measure the economy and the business cycle. Now it has become an official statistic issued quarterly by the Bureau of Economic Analysis at the U.S. Department of Commerce. In this new revised edition of Structure of Production, Skousen shows why GO is a more accurate and comprehensive measure of the economy because it includes business-to-business transactions that move the supply chain along to final use. (GDP measures the value of finished goods and services only, and omits B-to-B activity.) GO is an attempt to measure spending at all stages of production. Using GO, Skousen demonstrates that the supply-side of the business spending is far more important than consumer spending, is more consistent with economic growth theory, and a better measure of the business cycle."--Provided by publisher. 
588 0 |a Print version record. 
506 |a Access limited to authorized users. 
650 0 |a Production (Economic theory) 
650 0 |a Macroeconomics. 
773 |t EBSCOhost Ebook Collection. 
776 0 8 |i Print version:  |a Skousen, Mark.  |t Structure of production.  |b New revised edition  |z 9781479848522  |w (DLC) 2015006888  |w (OCoLC)904011921 
856 4 0 |u http://ezproxy.lafayette.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1020808  |z Electronic book from EBSCO