By Dale W. Jorgenson, J. Steven Landefeld, Paul Schreyer
the newest within the NBER’s influential reviews in source of revenue and Wealth sequence, which has performed a key function within the improvement of nationwide account records within the usa and different countries, this quantity explores collaborative suggestions among teachers, coverage researchers, and legitimate statisticians to a couple of today’s most crucial financial size demanding situations. participants to this quantity expand prior examine at the integration and extension of nationwide bills to set up a fair extra complete knowing of the distribution of monetary development and its influence on health, together with healthiness, human capital, and the surroundings. The examine contributions check, between different issues, particular conceptual and empirical proposals for extending nationwide accounts.
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Additional resources for Measuring Economic Sustainability and Progress
Continued work on the measurement of economic well-being will likely lead to greater recognition by economists of the contributions of psychology—an area that has been explored by pioneers like 2002 Nobel laureate Daniel Kahneman. One topic on the frontier of economics and psychol2. Canonical models of economic decision-making presume individual maximization of “utility,” or well- being. They tend to focus on the consumption of goods or services and assume that more consumption is preferred to less.
The usual disclaimer applies. ack. 1. Jorgenson, Landefeld, and Nordhaus (2006). 2. Teplin et al. (2006). asp. 3. , chapter 10, this volume.
Doyle, Arthur Conan. ( 1900). ” In The Adventures of Sherlock Holmes. New York: Harper & Brothers. id =RxAJAAAAIAAJ&printsec=frontcover&dq=adventures+of+sherlock+holmes &source=bl&ots=tr8SxsUQhJ&sig=8d1uYsv-D13W5iU5T66tnzUFbOc&hl=en #v =onepage&q=It%20is%20a%20capital%20mistake%20to%20theorize %20before%20one%20has%20data&f=false. Frederick, Shane, and George Loewenstein. 1999. ” In Well5. For example, see Loewenstein et al. (2008). 6. See Tom et al. (2007). 7. See Doyle ( 1900), p.
Measuring Economic Sustainability and Progress by Dale W. Jorgenson, J. Steven Landefeld, Paul Schreyer