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Real National Income as a Measure of General Well‐Being

Partha Dasgupta

in An Inquiry into Well-Being and Destitution

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198288350
eISBN:
9780191596094
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198288352.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental

The main part of this chapter discusses decentralization and central guidance in relation to resource allocation. There are seven sections: (1) competitive mechanisms in the private realm; (2) the ... More


National Income and Labor Income Markets

Robert J. Shiller

in Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198294184
eISBN:
9780191596926
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198294182.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics, Financial Economics

For the purpose of hedging risks to standards of living, the logical place to look first would be to markets for claims on total income; but such markets do not exist, and they have apparently never ... More


Charles Hilliard Feinstein 1932–2004

Avner Offer

in Proceedings of the British Academy, Volume 153 Biographical Memoirs of Fellows, VII

Published in print:
2008
Published Online:
January 2012
ISBN:
9780197264348
eISBN:
9780191734250
Item type:
chapter
Publisher:
British Academy
DOI:
10.5871/bacad/9780197264348.003.0009
Subject:
History, Historiography

Charles Hilliard Feinstein (1932–2004), a Fellow of the British Academy, worked out the structure and size of the British economy from 1965 and back to mid-Victorian times. Beyond scholarship, his ... More


Landownership Inequality and the Income Distribution Consequences of Economic Growth

Michael Carter

in Inequality Growth and Poverty in an Era of Liberalization and Globalization

Published in print:
2004
Published Online:
August 2004
ISBN:
9780199271412
eISBN:
9780191601255
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199271410.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

Addresses the question of whether agrarian structure (land ownership inequality) can explain increasing income inequality. The second section begins the chapter with a conventional income inequality ... More


Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks

Robert J. Shiller

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198294184
eISBN:
9780191596926
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198294182.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics, Financial Economics

This book, which is part of the distinguished Clarendon Lectures in Economics series, puts forward a unique and authoritative set of detailed proposals for establishing new markets for the management ... More


The Place of Financial Markets in the Economy

Hendrik S. Houthakker and Peter J. Williamson

in The Economics of Financial Markets

Published in print:
1996
Published Online:
November 2003
ISBN:
9780195044072
eISBN:
9780199832958
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/019504407X.003.0002
Subject:
Economics and Finance, Financial Economics

Some of the frameworks and concepts of macroeconomics are deployed to explore the place of financial markets in the US economy, and various important questions are introduced (such as how interest ... More


Labour Market Institutions and Income Inequality: What are the New Insights after the Washington Consensus?

Rolph van der Hoeven and Catherine Saget

in Inequality Growth and Poverty in an Era of Liberalization and Globalization

Published in print:
2004
Published Online:
August 2004
ISBN:
9780199271412
eISBN:
9780191601255
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199271410.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

Looks at some of the labour market outcomes of recent economic reforms. The extent to which labour market institutions affect the relationship between reform policies and income inequality remains ... More


The Measures That Rule

Scott O’Bryan

in The Growth Idea: Purpose and Prosperity in Postwar Japan

Published in print:
2009
Published Online:
November 2016
ISBN:
9780824832827
eISBN:
9780824870621
Item type:
chapter
Publisher:
University of Hawai'i Press
DOI:
10.21313/hawaii/9780824832827.003.0002
Subject:
History, Asian History

This chapter examines the significant changes that were at work within the discipline of economics around the world during the mid-twentieth century and how these new lines of theoretical and ... More


Decentralization and Central Guidance

Partha Dasgupta

in An Inquiry into Well-Being and Destitution

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198288350
eISBN:
9780191596094
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198288352.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

The main part of this chapter discusses decentralization and central guidance in relation to resource allocation. There are seven sections: (1) competitive mechanisms in the private realm; (2) the ... More


Changes in Supply and Demand for Estates

John Habakkuk

in Marriage, Debt, and the Estates System: English Landownership, 1650-1950

Published in print:
1994
Published Online:
October 2011
ISBN:
9780198203988
eISBN:
9780191676062
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198203988.003.0007
Subject:
History, British and Irish Modern History

The estate market between the 1680s and the 1820s was dominated by the wars of the period. Wars involved taxation. Taxation as a share of the national income increased sharply as a result of the wars ... More


Institutions for writing the economic history of the global

Jan Luiten Van Zanden

in Writing the History of the Global: Challenges for the Twenty-First Century

Published in print:
2013
Published Online:
January 2014
ISBN:
9780197265321
eISBN:
9780191760495
Item type:
chapter
Publisher:
British Academy
DOI:
10.5871/bacad/9780197265321.003.0007
Subject:
History, Historiography

Global history needs to take advantage of new research methodologies of teamwork and collaboration. Historians and economic historians can work together to provide historical data sets covering the ... More


The Frustrations of Colin Clark: England

Philipp Lepenies

in The Power of a Single Number: A Political History of GDP

Published in print:
2016
Published Online:
January 2017
ISBN:
9780231175104
eISBN:
9780231541435
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231175104.003.0003
Subject:
Economics and Finance, Economic History

Tells the story of how, during the Great Depression, another Englishman, Collin Clark, revives the old idea of William Petty, invents many of the methodological features of GDP-calculation, ... More


The Economic Performance of the Two Irelands, 1921–1939: Issues and Evidence

Cormac Ó Gráda

in Ireland: A New Economic History 1780–1939

Published in print:
1995
Published Online:
October 2011
ISBN:
9780198205982
eISBN:
9780191676895
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198205982.003.0015
Subject:
History, British and Irish Modern History, Economic History

This chapter looks at the economic performance of Northern Ireland and Southern Ireland from 1921 to 1939. Joel Mokyr's revised estimate of Irish national income in the early 1840s (about 80 million ... More


What It’s All About: A Short Primer on GDP

Philipp Lepenies

in The Power of a Single Number: A Political History of GDP

Published in print:
2016
Published Online:
January 2017
ISBN:
9780231175104
eISBN:
9780231541435
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231175104.003.0001
Subject:
Economics and Finance, Economic History

Defines GDP and related concepts for non-specialists


Reducing child poverty in the European Union: the role of child benefits1

Herwig Immervoll, Holly Sutherland, and Klaas de Vos

in Child well-being, child poverty and child policy in modern nations (Revised 2nd Edition): What do we know?

Published in print:
2001
Published Online:
March 2012
ISBN:
9781861342539
eISBN:
9781447301738
Item type:
chapter
Publisher:
Policy Press
DOI:
10.1332/policypress/9781861342539.003.0017
Subject:
Sociology, Comparative and Historical Sociology

This chapter examines the role of child benefits in protecting the children in Europe from financial poverty. It defines ‘child benefits’ as the regular cash payments that are made to parents or ... More


The final days: disability at the end of the welfare state, 1973–79

Jameel Hampton

in Disability and the Welfare State in Britain: Changes in Perception and Policy 1948-79

Published in print:
2016
Published Online:
January 2017
ISBN:
9781447316428
eISBN:
9781447316442
Item type:
chapter
Publisher:
Policy Press
DOI:
10.1332/policypress/9781447316428.003.0006
Subject:
Social Work, Social Policy

This chapter examines expectations for new statutory provision for disabled people including a national disability income amidst the collapse of the welfare state. Driven on by the power of Barbara ... More


The Health of Nations: The Contribution of Improved Health to Living Standards

William D. Nordhaus (ed.)

in Measuring the Gains from Medical Research: An Economic Approach

Published in print:
2003
Published Online:
February 2013
ISBN:
9780226551784
eISBN:
9780226551791
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226551791.003.0002
Subject:
Economics and Finance, Econometrics

This chapter explores how measures of national income accounting might incorporate improvements in the health of a country's population. It discusses the theory of the measurement of national income, ... More


Musical Chairs and Inescapable Mathematics

ROBERT V. DODGE

in Schelling's Game Theory: How to Make Decisions

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199857203
eISBN:
9780199932597
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199857203.003.0011
Subject:
Economics and Finance, Behavioural Economics

The metaphor “musical chairs” encompasses a broad range of observations and behaviors in which the same patterns emerge in the aggregate regardless of how the individuals who comprise the aggregate ... More


William Petty and Political Arithmetic: The Origins of GDP

Philipp Lepenies

in The Power of a Single Number: A Political History of GDP

Published in print:
2016
Published Online:
January 2017
ISBN:
9780231175104
eISBN:
9780231541435
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231175104.003.0002
Subject:
Economics and Finance, Economic History

Describes how in the 17th century, the Englishman William Petty proposed the idea of "political arithmetic" - i.e. the notion that rulers should base their political decisions on numbers and ... More


The Measurement of Economic Activity and the Growth Metric: Constructing National Income in Britain, 1907–1941

Keith Tribe

in The Economy of the Word: Language, History, and Economics

Published in print:
2015
Published Online:
March 2015
ISBN:
9780190211615
eISBN:
9780190211646
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190211615.003.0003
Subject:
Economics and Finance, Economic History

The idea of ‘gross domestic product’ as the annual flow of national output dates back to the eighteenth century, but it was only in the mid-twentieth century that it became a reliable number. This ... More


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