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Cuadernos de Economía

Print version ISSN 0121-4772

Abstract

KENNEDY, Damián. Economic fundamentals and national accounts: A proposal for measuring the evolution of value. Cuad. Econ. [online]. 2016, vol.35, n.68, pp.407-431. ISSN 0121-4772.  http://dx.doi.org/10.15446/cuad.econ.v35n68.41662.

A country's annual social product is unilaterally conceived as a mass of use values, whose evolution is captured by the measuring at constant prices. In this context, this paper aims to develop two consecutive goals. First, through a critical reading of the general principles of different schools of thought, it presents an alternative conceptualization for the social product, which also considers its character as a mass of value. Second, it proposes an indicator for that character, which is complementary to the product at constant prices. In sum, both indicators are applied to Argentina for the 1935-2010 period.

Keywords : National accounts; theories of value; money; productivity; growth measuring.

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