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By A. Vanoli

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The Accounts of Society, was published in the Journal o f Applied Econometrics (1986, vol. 1, pp. 5-28). Neither Copeland nor Leontief are mentioned. A presentation and discussion of the first British accounts of 1941, making use of reactions collected at that time, is found in Oleg Arkhipoff’s Introduction a la comptabilite nationale. Q u ’est-ce que I ’economie nationale? [Introduction to National Accounting. ] (Ellipses, coll. “Marketing”, 1995, pp. 44-48). In addition to Studenski, many references are to be found in Carson and Patinkin.

See the main text of the chapter. Initially, the first scholars to estimate national income have a broad view of the concept. The problems start with the involvement of the physiocrats. In his Tableau Economique (1758), the physician Francois Quesnay (1694-1774) limits the productive class to cultivators (see Box 4). In his view, only this class is capable of creating a net product. , who are not employees of the Church, of the State or of other landlords). In return, the sterile class supplies 1 billion o f non-agricultural goods to attend the needs of the productive class.

The duality system of accounts/aggregates is bothersome. It will be a source of ambiguities. One might think that the aggregates are secondary - that is not Stone’s position, which is made explicit by the title of the appendix, Definitions and Measurement o f the National Income and Related Totals - or regard the accounting system as subordinate, underlying, merely instrumental. This is not Stone’s position either. He clearly shows the change in perspective between the original effort at measuring some aggregates and the attention paid now to the structure of elementary transactions and to their interdependence.

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