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Productivity and Value: The Political Economy of Measuring Progress

Folke Dovring

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ISBN 10: 0275926680 / ISBN 13: 9780275926687
Published by Praeger, 1987
Condition: Good Hardcover
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Bibliographic Details

Title: Productivity and Value: The Political ...

Publisher: Praeger

Publication Date: 1987

Binding: Hardcover

Book Condition: Good

About this title


Productivity and Value takes a critical look at the generic concepts of productivity as they are used in most of the conventional literature. In this compelling book, the author challenges the concept of total-factor productivity as a valid indicator of successes or failures in economic policy and in the economy generally. Unique to this book is the consistent distinction made between economic and physical expressions. The author examines the difficulties when physical and economic measures are mixed. Instead, he proposes that productivity, as a measure of progress in production, should be limited to single-factor of key commodities, such as land, labor, energy, and capital. Such a measure, he claims, will be more realistic and will also come closer to being understood by the public.

About the Author:

FOLKE DOVRING was a consultant for the U.S. Department of Agriculture and Professor of Land Economics at the University of Illinois at Urbana-Champaign.

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