Jump to ContentJump to Main Navigation
The Power of a Single NumberA Political History of GDP$
Users without a subscription are not able to see the full content.

Philipp Lepenies

Print publication date: 2016

Print ISBN-13: 9780231175104

Published to Columbia Scholarship Online: January 2017

DOI: 10.7312/columbia/9780231175104.001.0001

Show Summary Details

Simon Kuznets and the Politics of Gross National Product

Simon Kuznets and the Politics of Gross National Product

The United States

Chapter:
(p.57) 4 Simon Kuznets and the Politics of Gross National Product
Source:
The Power of a Single Number
Author(s):

Philipp Lepenies

, Jeremy Gaines
Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231175104.003.0004

The case of the US. In the US, congress asks a Soviet emigré, Simon Kuznets to provide national income estimates in order to better understand the effects of the Great Depression on the US economy in the early 1930s. Kuznets invents a similar statistical figure as Clark (but independent of him) that also focuses on income. Yet, during the war, Kuznet's methodology is adapted against his will to provide an aggregate figure on production instead of one on income - leading to the emergence of the precursor of GDP. Although useful for war purposes, Kuznets vehemently opposes this practice and does not tire to argue against giving production more weight than income.

Keywords:   Kuznets, US, income versus production, birth of GDP

Columbia Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us .