Contributions

  • Bresnahan, Timothy F. - Contributor
  • Gordon, Robert J. 1940- - Contributor

Publication

1997 - University of Chicago Press, Chicago, Illinois

Language

English

Word Count

123,500 words, Guess

Page Count

494 pages

Identifiers

and 2 more
  • LibraryThing5363027
  • Goodreads2600407

Classifications

  • DDC330 s
  • LCCHB225 .E3 1997

Description

New goods are at the heart of economic progress. But the value created by new goods must somehow be converted into an exact quantitative measure if official data on inflation, such as the Consumer Price Index, are to represent accurately the theoretical concept of a true "cost-of-living" index, and if official data are to capture the annual increase in output and productivity contributed by the invention of new goods as well as steady improvements in the quality of old goods. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for quality change.

Subjects

Series Statement

  • Studies in income and wealth ;

Other Editions

  • The economics of new goodsUniversity of Chicago Press1997-01-01

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