National Income, 1929–1932¶
Kuznets, S. (1934). National Income, 1929–1932.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Fallacy Of Misplaced Concreteness
- The compression mapping f: D → R is national-accounts methodology, which deliberately sums market-priced final output into a single scalar, discarding by design everything not transacted at a market price (household labor, leisure, ecological depletion) and all distributional information.
This sourceThe originating national-income report that explicitly cautioned the aggregate must not be read as a measure of welfare — the warning misplaced concreteness ignores when GDP is treated as the thing to maximize.
- The compression mapping f: D → R is national-accounts methodology, which deliberately sums market-priced final output into a single scalar, discarding by design everything not transacted at a market price (household labor, leisure, ecological depletion) and all distributional information.
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