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Source link: http://blog.mises.org/2287/reisman-on-the-value-of-consumption/

Reisman on the value of consumption

July 27, 2004 by

George Reisman’s article in the new American Journal of Economics and Sociology (July 2004, vol. 63, no. 3) challenges the mainstream assumption concerning the use of consumption in national-income accounting: “The Value of `Final Products’ Counts Only Itself.” More here, or view entire article. Also see Jerry Kirkpatrick’s piece on net consumption.

{ 1 comment }

Scott Flaherty July 28, 2004 at 2:10 am

For those of you at institutions which have access to Blackwell-Synergy (like Washington University) can view and print the full article in text or PDF.

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