The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

National Accounting, History Of

  • André Vanoli
Reference work entry


With antecedents as far back as the late 17th century, national accounting is a product of the Great Depression, the Second World War and the subsequent period of recovery and economic growth. Soon after the war, country experiences and international harmonization processes interacted, eventually leading to a complete accounting framework with the 1993 SNA/ESA 1995. Until the mid-1970s, national accounting experienced a kind of golden age, after which greater difficulties arose, in terms of the increased complexity of economic life, widened social concerns and theoretical challenges. In that context, impressive achievements and a sense of frustration have coexisted.


Aggregates Aukrust, O Balance sheets Basic prices Boisguilbert, P Brown, A Clark, C. G Computable general equilibrium models Copeland, M.A Denison, E Domestic product Economic and Monetary Union European System of Accounts Factor cost valuation Fair value valuation Fisher, I Frisch, R. A. K Gilbert, M Goldsmith R Gordon, R Great Depression Grüning, F Gruson, C Hicks, J. R Historical cost valuation Income Indicative planning Input–output analysis International Monetary Fund Kampmann, V Keynes, J. M King, G Kravis, I Kuznets, S Leontief, W Lindahl, E. R Maastricht criteria Market price valuation Marx, K Material Product System Mesoeconomic level National accounting National accounts statistics National income Ohlsson, I Petty, W Popov, P. I Purchasing power parities Quesnay, F Ruggles, N Ruggles, R Satellite accounts Smith, A Social accounting matrices Social accounting, Stone, J. R. N Structural change Sustainability System of Balances of the National Economy System of National Accounts Tableau économique Tinbergen, J Value added Van Cleeff, E Vauban, S Vincent, A Walras, L Warburton, C Wealth Welfare indicators 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • André Vanoli
    • 1
  1. 1.