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The production boundary

Keywords: welfare economics , choice-based utility , experiential utility , human welfare , welfarism , utilitarianism. He has published widely in social and political philosophy, political science, public administration and urban politics recently with a jindyworobak slant. His recent research interests include the measurement of freedom and rights, satisfaction with public services and the career paths of senior politicians.

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Measuring economic activity and economic welfare: what are we missing?

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Measures of economic welfare - economic development | Economics Online

Search within my subject: Select Economic literature: papers , articles , software , chapters , books. Measuring economic activity and economic welfare: what are we missing? Registered: Charles Steindel. Major U.

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Proposals have been made for significant alterations in the CPI. The revision process has helped to spur debate on such topics as the proper method of accounting for high technology's role in the economy, the reported sluggishness of productivity growth in many service industries, and the overstatement of price increases for numerous products. This paper attempts to assess the potential impact of some of these problems on our understanding of basic trends in the economy.

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It is found that with even fairly generous assumptions as to the time path of errors in price data, the fundamentals of the economy's broad movements do not change: productivity and real earnings growth were likely still substantially slower in the first half of the s than before Handle: RePEc:fip:fednrp as. More about this item Keywords Economic indicators ; Consumer price indexes ; Economic conditions - United States ; Statistics Access and download statistics.

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