Jump to ContentJump to Main Navigation
A New Architecture for the U.S. National Accounts$
Users without a subscription are not able to see the full content.

Dale W. Jorgenson, J. Landefeld, and William D. Nordhaus

Print publication date: 2006

Print ISBN-13: 9780226410845

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226410876.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 22 September 2021

Principles of National Accounting For Nonmarket Accounts

Principles of National Accounting For Nonmarket Accounts

(p.143) 3 Principles of National Accounting For Nonmarket Accounts
A New Architecture for the U.S. National Accounts
William D. Nordhaus
University of Chicago Press

This chapter considers the major conceptual issues in nonmarket accounting and discusses the major principles that might be used in the design and implementation of a set of augmented national accounts. It recommends that use of the National Economic Accounts (NEA) as a guiding principle for the nonmarket accounts under which nonmarket goods and services are treated as if they were produced and consumed as market activities. This chapter also suggests that augmented national accounts should address major conceptual issues by measuring income and output in ways that best correspond to net economic welfare and they should include both market and nonmarket activities.

Keywords:   nonmarket accounting, augmented national accounts, National Economic Accounts, net economic welfare, nonmarket goods

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.