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
West's 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 protege
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.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!