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NBER WORKING PAPER SERIES PRODUCTION CHAINS David K. Levine Working Paper 16571
NBER WORKING PAPER SERIES PRODUCTION CHAINS David K. Levine Working Paper 16571

... chains than more poorly organized economies. This raises output, welfare and utility, but it also leads to more “crises” than shorter less efficient production chains in the sense that output is more volatile. One might summarize by saying: capitalist economies are more subject to crises than less e ...
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... Accounts has received some criticism based on certain factors. These include the fact that it only considers economic activities that occur in organized markets, since they have a market price and can be easily measured. By so doing, the SNA fails to account for economic activities that occur outsid ...
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... In the last quarter of 2008 the economy experienced the steepest quarterly contraction in output since 1980. This is not the first time we have experienced recession; however, the globalised nature of business today combined with our recent reliance on the now fraught Financial Services sector as th ...
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Full - SEAHI PUBLICATIONS AND ACADEMIC JOURNALS

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... ▪ User consultations are organized by producers of economic statistics ▪ Awareness of relevance, among users, of official statistics to economic policy making is considered sufficient and there are activities in place to improve upon it ...
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E F conomic Statistics in iji

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Production for use

Production for use is a phrase referring to the principle of economic organization and production taken as a defining criterion for a socialist economy. It is held in contrast to production for profit. This criterion is used to distinguish socialism from capitalism, and was one of the fundamental defining characteristics of socialism initially shared by Marxian socialists, evolutionary socialists, social anarchists and Christian socialists.This principle is broad and can refer to an array of different configurations that vary based on the underlying theory of economics employed. In its classic definition, production for use implied an economic system whereby the law of value and law of accumulation no longer directed economic activity, whereby a direct measure of utility and value is used in place of the abstractions of the price system, money and capital. Alternative conceptions of socialism that don't utilize the profit system such as the Lange model involve the use of a price system and monetary calculation.The central critique of the profits system by socialists is that the accumulation of capital (""making money"") becomes increasingly detached from the process of producing economic value, leading to waste, inefficiency, and social issues. Essentially it is a distortion of proper accounting based on the assertion of the law of value instead of the ""real"" costs of the factors of production, objectively determined outside of social relations.
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