Statistical Perspectives and Economic Stability

Duncan Ironmonger

Chapter 3 in National Income and Economic Progress, 1988, pp 32-48 from Palgrave Macmillan

Abstract: Abstract Colin Clark’s view on the role of statistics was quite clear. As a pioneer in the development of national income and the inventor of Gross National Product (GNP), Clark saw the need for these measurements to test the properties of economic theory. Chapter 1 of his 1937 work National Income and Outlay opens with the statement that ‘Nearly all the propositions of economic science are concerned with statements about the national income.’ He went on to point out that since the measurement of national income had been regarded as one of the most difficult and uncertain branches of economics, ‘economic theories are rarely put to the test of fact, and modern economics has shown a lop-sided development in an over-theoretical direction’ (Clark, 1937, p. 1).

Keywords: Business Cycle; National Income; Household Production; Royal Statistical Society; Economic Progress (search for similar items in EconPapers)
Date: 1988
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19340-0_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349193400

DOI: 10.1007/978-1-349-19340-0_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().