Abstract
The question addressed is the need for pluralism in National Accounting. This paper explores the conceptual foundation of income (flow) and wealth (stock). The frame of reference of the SNA is influenced by the concerns of the 1930s when there was a chronic “ under — employment” of resources. This raises the question on whether the current measures of income and wealth are appropriate for describing the performance of the economy where the “overuse” of natural stocks is of growing concern.
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© 1993 Physica-Verlag Heidelberg
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Friend, A.M. (1993). Towards Pluralism in National Accounting Systems. In: Franz, A., Stahmer, C. (eds) Approaches to Environmental Accounting. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-49977-7_5
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DOI: https://doi.org/10.1007/978-3-642-49977-7_5
Publisher Name: Physica, Heidelberg
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