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The Financialization of GDP: Implications for economic theory and policy (Routledge Advances in Heterodox Economics) - Hardcover

Buch 32 von 44: Routledge Advances in Heterodox Economics

Assa, Jacob

 
9781138999831: The Financialization of GDP: Implications for economic theory and policy (Routledge Advances in Heterodox Economics)

Inhaltsangabe

This book argues that GDP is flawed even as a narrow economic indicator, and traces the problem to the way financial services are measured. The first part of the book is a political history of the practice of national accounting from its beginning in the mid-17th century to present day. The second part of the book focuses on the treatment of financial services in national accounting and develops an adjusted measure of output (Final Domestic Product or FDP). The final part of the book explores the empirical and policy implications of treating finance as an overall cost to the economy.

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Über die Autorin bzw. den Autor

Jacob Assa is Economic Affairs Officer at the United Nations, New York. Born and raised in Israel, Jacob attended Hunter College in New York, and has been working at the United Nations since 1999. He received his master's and PhD degrees in economics at the New School for Social Research.

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