GERDES, WILLIAM D. - In: American Journal of Economics and Sociology 63 (2004) 3, pp. 647-664
Given the contemporary interest in growth, conventional measures of economic growth (changes in real GDP or real GDP per capita) may be less preferable than a measure that is more plutological by design. The plutological measure presented in this paper is that of <link rid="b24">Adam Smith (1776</link>). While Smith's...