I discuss the measurement of world poverty and inequality, with particular attention to the role of purchasing power parity (PPP) price indexes from the International Comparison Project. Global inequality increased with the latest revision of the ICP, and this reduced the global poverty line relative to the US dollar. The recent large increase of nearly half a billion poor people came from an inappropriate updating of the global poverty line, not from the ICP revisions. Even so, PPP comparisons between widely different countries rest on weak theoretical and empirical foundations. I argue for wider use of self-reports from international monitoring surveys, and for a global poverty line that is truly denominated in US dollars.

/pdf/price-indexes-inequality-and-the-measurement-of-world-234j9tiqrf.pdf

Price Indexes, Inequality, and the Measurement of World Poverty

The growth paradigm: History, hegemony, and the contested making of economic growthmanship

Introduction Setting the stage: a historical introduction to the OECD Part I. Paradigm in the Making: The Emergence of Economic Growth as the Key Economic Policy Norm (1948-59): 1. Measuring growth: the international standardization of national income accounting 2. Propagating growth: from reconstruction and stability to 'selective expansion' and 'productivity' 3. 'Expand or die': international economic mandarins and the transnational harmonization of growth policies Part II. Paradigm at Work: A 'Temple of Growth for Industrialized Countries' in Action (1960-8): 4. Power, progress, and prosperity: growth as universal yardstick and the OECD's 1961 growth target in perspective 5. Boosting growth: the Western 'growth conscience' and policies in the name of accelerated growth 6. Replicating growth: the 'development of others' and the hegemony of donor countries Part III. Paradigm in Discussion: The 'Problems of Modern Society', Environment, and Welfare (1969-74): 7. Quantity in question: challenging the hegemony of growth and the OECD-Club of Rome nexus 8. Reclaiming growth: organizational dynamics and the 'dialectic' of qualitative growth 9. Quantifying quality: managing the environmental costs of growth and the difficult quest for 'gross national well-being' Epilogue: paradigm remade (1975-2011) Conclusion: provincializing growth.

The Hegemony of Growth: The OECD and the Making of the Economic Growth Paradigm

How the System of Environmental-Economic Accounting can improve environmental information systems and data quality for decision making

We examine the theoretical and practical aspects of accounting and valuing the ecosystem services of water provisioning, water filtration and water storage using the System of Environment-Economic Accounting (SEEA) and a case study from Central Highlands of Victoria Australia. We identify: (1) the ecosystem assets providing the ecosystem services, which is both the water body (e.g. lake or artificial reservoir) and surrounding land including the vegetation cover; (2) how these ecosystem services are used as inputs to the production of “Natural Water” as defined in the Central Product Classification used in the System of National Accounts and the SEEA, and; (3) value the ecosystem services using exchange values and the replacement cost method. We propose that for accounting purposes, the generation and use of the ecosystem services of water filtration and water provisioning is simultaneous for the water sources used for supplying water to the economy. The ecosystem service of water provisioning is equal to inflow of runoff and precipitation to reservoirs used by the water industry and recorded at the time of the inflow, not when the water is abstracted and supplied as the product “Natural Water” to households and business.

Accounting and valuing the ecosystem services related to water supply in the Central Highlands of Victoria, Australia

/pdf/the-measurement-of-national-wealth-discussion-if92n8dwjt.pdf

The Measurement of National Wealth: discussion

/pdf/the-practice-of-economic-planning-and-the-optimum-allocation-50flj1mi62.pdf

The Practice of Economic Planning and The Optimum Allocation of Resources: a discussion

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The Measurement of National Wealth: discussion

The Practice of Economic Planning and The Optimum Allocation of Resources: a discussion