Gernot Wagner

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Green Accounting Bibliography Entry

Nordhaus, William D. New Directions in national Economic Accounting. American Economics Review Vol. 90, No. 2, May 2000: 259-263. [ full text (for AEA members only)]

Presents several extensions to the traditional national income accounts including time use, human capital, and technological capital as well as green accounting. Nordhaus concludes by saying, "The purpose of this discussion has been to give a flavor of the exciting developments and prospects for extending the national economic accounts in new directions. The tentative forays in this field suggest that a full set of nonmarket accounts would provide a richer description of the totality of economic life and will challenge conventional wisdom in many areas."

Posted by Gernot Wagner on 5/01/2000.

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