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Political ArithmeticSimon Kuznets and the Empirical Tradition in Economics$
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Robert William Fogel, Enid M. Fogel, Mark Guglielmo, and Nathaniel Grotte

Print publication date: 2013

Print ISBN-13: 9780226256610

Published to Chicago Scholarship Online: January 2014

DOI: 10.7208/chicago/9780226020723.001.0001

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:: The Emergence of National Income Accounting as a Tool of Economic Policy

:: The Emergence of National Income Accounting as a Tool of Economic Policy

(p.49) 3 :: The Emergence of National Income Accounting as a Tool of Economic Policy
Political Arithmetic

Robert William Fogel

Enid M. Fogel

Mark Guglielmo

Nathaniel Grotte

University of Chicago Press

This chapter discusses the following: the New Deal; the U.S. mobilization for war; the use of national income accounting to allocate resources between military and civilian needs; the role of economists in several wartime agencies, including the Office of Price Administration (OPA), the Office of Strategic Services (OSS), and the Statistical Research Group (SRG); American financial aid to Western Europe; and the advent of the American century following World War II.

Keywords:   economists, resource allocation, wartime agencies, financial aid, Western Europe, American century

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