George Reisman on National Income Accounting

James C. W. Ahiakpor

American Journal of Economics and Sociology, 2005, vol. 64, issue 2, 715-717

Abstract: Abstract. George Reisman misrepresents macroeconomists’ estimation of national income. He fails to distinguish between intermediate goods and factors of production, and he does not correctly recognize macroeconomists’ derivation of the net domestic or national product. His concept of gross national product is also grossly mistaken. This note offers a correction for his confusion.

Date: 2005
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