The Financialization of Gdp: Implications for Economic Theory and Policy

ISBN-13: 9780367875701 / Angielski / Miękka / 2019 / 118 str.

Jacob Assa

Opis

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 fin

Spis treści

Acknowledgements

Preface

Introduction: The Economic Problem with GDP

Chapter 1. The Ubiquity, Importance and Uniqueness of National Accounting

Chapter 2. National Accounting as a Historically and Politically Contingent Art

Chapter 3. Policy-Based Evidence: A Political History of National Accounts

Chapter 4. The Financialization of GDP

Chapter 5. GDP on FIRE: Financialization, Stagnation and Leakages from Aggregate Demand

Chapter 6. The Distributional Impacts of FGDP

Conclusion

O autorze

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.