Measuring National Income in the Centrally Planned Economies: Why the West Under

Description: Measuring National Income in the Centrally Planned Economies by William Jefferies In 1991 "Communism" collapsed. The cold war was over and the West had won. Whole cities, Moscow, St Petersburg, Warsaw, Beijing, Budapest and Bucharest, whole countries indeed, were privatised for nothing or next to nothing. This was probably the greatest expansion of the world market in history. And yet, according to national income measurements of the CIA, OECD, World Bank and IMF, this gigantic expansion of market production, led to a decline in market production in the very countries where it was introduced. How to explain this paradox?This book traces the origin of the Wests national income measurements, from their origin in the 1923/4 Balance developed in the USSR, to the USA in the early 1930s via two Soviet exiles, Simon Kuznets and Wassily Leontief, and then back to the USSR again, after a vigorous debate, through a protégé of Kuznets, Abram Bergson. The AFC imputed national incomes to a centrally planned economy, based on physical not income measurements. This book provides a detailed assessment of the failure of the AFC method to measure the real growth of actual market production during the transition period. This book provides a detailed account of the application of national income measurements to the centrally planned economies. It assesses all of the major contributors to this debate, including Colin Clark, Naum Jasny, Alexander Gerschenkron, G.Warren Nutter and Abram Bergson. It provides a new much higher, estimate of the expansion of market production during the transition period, based on an estimate of the actual growth of real market production. It discusses the very significant implications of this re-estimate for contemporary theories of globalisation. FORMAT Paperback LANGUAGE English CONDITION Brand New Author Biography William Jefferies has a PhD from Manchester Metropolitan University, UK Table of Contents 1. Introduction 2. The Measurement of Soviet Economic Growth 3. From Capitalism and Back Again 4. Empirical Evidence 5. After the fall 6. Conclusion Review This is one of those rare books that changes the way we view the world by challenging the previous propositions that until now were taken as authoritative. -- Brian Green, Marx & Philosophy Review Quote This is one of those rare books that changes the way we view the world by challenging the previous propositions that until now were taken as authoritative. -- Brian Green, Marx & Philosophy Details ISBN1138383872 Year 2018 ISBN-10 1138383872 ISBN-13 9781138383876 Format Paperback Publication Date 2018-09-10 Series Routledge Studies in the Modern World Economy Imprint Routledge Place of Publication London Country of Publication United Kingdom DEWEY 339.32091717 Author William Jefferies Publisher Taylor & Francis Ltd Affiliation Manchester Metropolitan University, UK Short Title Measuring National Income in the Centrally Planned Economies Language English AU Release Date 2018-09-10 NZ Release Date 2018-09-10 UK Release Date 2018-09-10 Subtitle Why the West Underestimated the Transition to Capitalism Illustrations 36 Tables, black and white; 3 Line drawings, black and white; 3 Illustrations, black and white Pages 184 Alternative 9781138818323 Audience Tertiary & Higher Education We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:159739009;

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