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Volume 18  Number 1  •  Summer 2013
Other Issues:  

Real Gross Domestic Private Product, 2000–2012
By Robert Higgs
This article appeared in the Summer 2013 issue of The Independent Review

Until World War II and the postwar years, when the federal bureaucracy institutionalized the government’s preferred method for calculating national income, economists offered sound arguments for excluding government spending from estimates of gross domestic product. Using their general approach reveals that the private economy’s performance for the past thirteen years has been only somewhat better than complete stagnation.

 PDFRead the Full Article (PDF, 4 pages)


Other Independent Review articles by Robert Higgs
    Fall 2017   Freedom of Movement—the Sine Qua Non of Economic Prosperity and Progress
    Summer 2017   Moderation in Response to Provocation Is No Vice
    Winter 2017   First, Do No Harm
[View All (57)]







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