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Download e-book for iPad: Social Accounting Systems. Essays on the State of the Art by F. Thomas Juster

By F. Thomas Juster

ISBN-10: 0123925509

ISBN-13: 9780123925503

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Resource constraints refer to given quantities which restrict attainable utility. These are, first, a limitation on total time available that is given by the length of the accounting period, and second, a state of the world that is described by K°. Both total time and inherited stock levels must be treated as given in formulating an optimal plan for time use. Technology constraints state the restrictions on the tangible outcomes from time use. These outcomes either take the form of household produced goods—the J variables—or final stock levels as given by K1.

E. ) 1975 Household Production and Consumption. New York: National Bureau of Economic Research. " Paper presented at the annual meeting of the American Statistical Association, San Diego, Calif. 2 The Theory and Measurement of Weil-Being: A Suggested Framework for Accounting and Analysis F. Thomas Juster, Paul N. Courant, Greg K. Dow INTRODUCTION Much social science research involves conceptualizing, measuring, and understanding the level, distribution, and dynamics of change in well-being. These problems are at the core of the research interests of two important groups of social scientists—economists concerned with material well-being as reflected in concepts like National Income and Gross National Product and sociologists, social psychologists, and political scientists interested in the development of social indicators of wellbeing.

EK: Environmental stocks reflecting the physical and biological 32 F. THOMAS JUSTER, PAUL N. COURANT, GREG K. DOW surroundings of human society. These include the weather and the availability of natural resources. These stocks and contexts play multiple roles in our accounting system. On the one hand, they constrain the use of time by individuals and the outcomes that can be achieved through the use of time. In this sense, their role is technological. However, they also influence psychological well-being directly in many cases.

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Social Accounting Systems. Essays on the State of the Art by F. Thomas Juster


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