We account for the price and quantity components of a decomposition of the expression for a GDP increase accross periods. Our linear measure is compared with Irving Fisher s multiplicative measure. Where technical progress enters is noted.

We observe that the value of the gross natural increment in natural capital is the appropriate entry in the income side of the national accounts, when "greened." This entry is zero for the special case of nonrenewable resources. Greening is motivated by the desire to account for the value of...

We set out dollar-valued net national product for an economy with a wasting essential stock (oil deposit). We take up 'maintaining capital intact' and locally unchanging consumption. The percentage change in 'net investment' or 'genuine savings,' relative to the market rate of interest, denotes...