Measurement of change in national income

What stands in the way of a bias-free, unambiguous interpretation of data on national income & output,, so essential for policy decisions as well as for assessment of causes contributing to deviations from the norms of growth envisaged earlier? How to define 'inflation' and to quantify, in unequivocal terms, its causes and effects?

Is the conceptual framework on national income & flow-of-funds accounting, recommended by the U. N. and followed by government statisticians of all countries, consistent with the logic of figures? Is it precise or correct enough for assuring social scientists about the validity of their analytical tools?

How useful is the methodology-and the figures compiled on the basis of it-for testing the results indicated in all the predictive analyses of the past on growth and inflation, and on the mode of 'sharing of the national cake' by various factors of production?

Is data insufficiency the real explanation for the limitations of the results derived from interpretative analyses by social scientists of different commitments? ideas and These are some of the unorthodox issues raised and examined in the book, with clear refutation of the various concepts and methods on national income & related accounting procedure accepted by pro ducers and users of statistics as inviolable axioms.