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Prices In The National Accounts Framework: A Case For Cost‐Benefit Analysis

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  • Solomon Fabricant

Abstract

There are serious questions about the social costs and benefits of extending the role of prices in the national accounts. The costs may be greater, and the benefits smaller, than is commonly supposed. Many important uses of price (and other) data do not require that these data be organized within an elaborate—or even any—framework of national accounts. Also, the basic price (and other) data are still too often very scanty and rough. Would it not be better to devote available resources to improving these data rather than trying to force them, prematurely, into an elaborated set of national accounts?

Suggested Citation

  • Solomon Fabricant, 1970. "Prices In The National Accounts Framework: A Case For Cost‐Benefit Analysis," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 16(2), pages 135-142, March.
    • Handle: RePEc:bla:revinw:v:16:y:1970:i:2:p:135-142
    DOI: 10.1111/j.1475-4991.1970.tb00753.x
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