The paper discusses conceptual errors in the methodologies for computing the national income and product accounts (NIPAs). Recent changes in methodology introduced by the statistical agencies have not touched some of these deficiencies and in other cases have substituted new problems for old...

The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common but unrealistic assumptions of homotheticity, or...

The paper continues the author's work on a general theory for the aggregation of prices and quantities in relation to the money metric. The focus here is on the National Income and Product Accounts (NIPAs). It is shown that the measures that are currently being produced are seriously defective....