On the Welfare Significance of National Product in a Dynamic Economy

1 February 1976

journal article
Published by Oxford University Press (OUP) in The Quarterly Journal of Economics

Vol. 90 (1), 156-162
https://doi.org/10.2307/1886092

Abstract

I. Introduction, 156. — II. A formulation of the problem, 156. — III. What is net national product? 159. — IV. Proof of the main proposition, 160. — V. Unanticipated technological change: an application, 161.

Keywords

WELFARE SIGNIFICANCE
DYNAMIC ECONOMY
UNANTICIPATED TECHNOLOGICAL
MAIN PROPOSITION
NET NATIONAL
TECHNOLOGICAL CHANGE
III
INTRODUCTION

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