The principle of labour defence has traditionally informed welfare policy in New Zealand. By promoting full employment and ensuring employers paid a living wage, government could foster economic security for the unionised workingman and his family. Nordic-style social insurance schemes, which...

The purpose of our paper is to briefly assess the role of GDP in measuring growth and welfare or in getting insight into the state of an economy. In this view, we propose a synthetic theoretical and historical review of national accounting, emphasizing the most important ideological...