Re: NIPA(2) text form

jurriaan bendien (
Tue, 13 Jan 1998 17:27:15 +0100

Thanks Alan for your critique on the measurement of net output. This kind
exposition of national accounts analysis is probably much more helpful to
students seeking to apply Marxist theory empirically, than highly abstract
theoretical debates about value categories (although some of those are
obviously necessary). In the same way I recall Shaikh's paper on National
Accounts and Marxian Categories was very helpful back in the 1980s.

Interesting to see that in Britain "domestic labour" is completely excluded
from the accounts. In New Zealand SNA-type accounts, I found that if
household labour was paid labour (e.g. babysitting) then it was concep-
tually included, and an imputation was made for this (no attempt was made
to measure informal prostitution though !).

Your data suggest that in 1994 productive employment in Britain was
roughly half of total employment. I found a very similar result in New


Jurriaan Bendien