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


Abstract

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.



Other Independent Review articles by Robert Higgs
    Spring 2015   Compassion—a Critical Factor for Attaining and Maintaining a Free Society
    Winter 2015   Tolstoy’s Manifesto on the State, Christian Anarchy, and Pacifism
    Fall 2014   Ronald Coase, Anomalous Superstar of the Economics Profession
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Volume 18 Number 1
Summer 2013

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