Social Accounting

  • R. J. Briston


Social accounting is that branch of accounting which is concerned with the functioning of the economic system as a whole. It may be considered to be ‘nothing else but the accounting for the whole community or nation, just as private accounting is the accounting of the individual firm’ (Hicks, 1946). It provides the information necessary to monitor the progress of the economy and plays an essential role in the formulation of economic policy.


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Further Reading

  1. W. Beckerman, Measurement of Leisure, Equality and Welfare (Paris: OECD, 1978).Google Scholar
  2. W. Beckerman, An Introduction to National Income Analysis (London: Weidenfeld and Nicolson, 1969).Google Scholar
  3. M. A. Copeland, A Study of Moneyflows in the United States (New York: National Bureau of Economic Research, 1952).Google Scholar
  4. R. W. Goldsmith, The National Wealth of the United States in the Postwar Period, (Princeton: Princeton University Press, 1962).Google Scholar
  5. J. R. Hicks, ‘The Valuation of the Social Income’, Economica (May 1940).Google Scholar
  6. J. R. Hicks, The Social Framework (Oxford: Clarendon Press, 1946).Google Scholar
  7. J. M. Keynes, The General Theory of Employment, Interest and Money (London: Macmillan, 1936).Google Scholar
  8. W. W. Leontief, The Structure of the American Economy 1919–1939 (Oxford University Press, 1951).Google Scholar
  9. W. D. Nordhaus and J. Tobin, ‘Is Growth Obsolete’ in The Measurement of Economic and Social Performance, ed. M. Moss (New York: National Bureau of Economic Research 1977).Google Scholar
  10. OECD, A Standardised System of National Accounts (Paris: OECD, 1952).Google Scholar
  11. J. Revell et al., The Wealth of the Nation (Cambridge University Press, 1967).Google Scholar
  12. T. C. Schelling, ‘Design of Accounts’, in A Critique of the United States Income and Product Accounts (National Bureau of Economic Research, 1958 ).Google Scholar
  13. G. J. Stigler, The Price Statistics of the Federal Government (New York: National Bureau of Economic Research, 1961).Google Scholar
  14. R. Stone and G. Stone, National Income and Expenditure (London: Bowes and Bowes, 1977).Google Scholar
  15. UK Central Statistical OfficeNat ional Income and Expenditure (HMSO, annually, 1952—).Google Scholar
  16. UN Statistical Office, A System of National Accounts, Studies in Methods Series F. No. 2 (New York: UN, 1968).Google Scholar
  17. B. Usher, Rich and Poor Countries: A Study in the Problems of Comparison of Real Income (London: Institute of Economic Affairs, 1966).Google Scholar

Copyright information

© R. J. Briston, J. R. Davies, P. N. Dean, C. Edwards, S. Ewing, C. S. Greensted, D. Lyall, the estate of C. McGeehan, W. McInnes, A. J. Millar, E. P. Minnis, L. Oakes, R. Perks, C. R. Tomkins 1981

Authors and Affiliations

  • R. J. Briston
    • 1
    • 2
  1. 1.University of StrathclydeUK
  2. 2.University of East AngliaUK

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