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National Accounting and Capital
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322 b
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A presentation of definitive solutions to problems in national accounting practice. Professor Hartwick deals with problems in accounting natural capital, financial capital and skills capital and communicates his solutions in specially designed national accounting tables or matrices. Key issues discussed include: developments in the theory of green national accounting, particularly the place of natural resource stocks in the national accounts; the relationship between dollar valued national product and sustainable income; an extension of standard treatments of capital (such as building, machines) in the national accounts to deal with natural resources, human capital, and financial capital; the sustainability of the current path of an economy; and the role of capital gains on "new" types of capital in the expression for net national product. In addition, Professor Hartwick indicates how to deal with certain long-standing issues involving the services to banks in the national accounts.
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