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Combining Economic and Noneconomic Objectives in Development Planning: Problems of Concept and Measurement

In: Economic Development and Planning

Author

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  • Karl A. Fox

Abstract

The Gross National Product is our principal measure of economic progress. It enables us to make reproducible quantitative statements about the same economy at different points in time and about different economies at the same point in time. Operational methods for measuring G.N.P. flow directly from the theory of general economic equilibrium.

Suggested Citation

  • Karl A. Fox, 1974. "Combining Economic and Noneconomic Objectives in Development Planning: Problems of Concept and Measurement," Palgrave Macmillan Books, in: Willy Sellekaerts (ed.), Economic Development and Planning, chapter 5, pages 104-141, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01933-5_5
    DOI: 10.1007/978-1-349-01933-5_5
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