What question did this study set out to answer?

The paper aims to explore early methodologies used in constructing national income estimates.

July 1, 1983Open Access

Historical national accounts — some methodological notes

Key Points

The paper aims to explore early methodologies used in constructing national income estimates.
Analysis of historical income estimates by William Petty and Gregory King.
Comparison of the detail and execution of their calculations.
William Petty's estimates date back to 1665 and 1676, published in the 1690s.
Gregory King's estimates, compiled six years later, offered more detail and accuracy than Petty's.

Abstract

Abstract The oldest known attempts to construct aggregates summarising the total economic activity of a nation were made by William Petty in 1665 and 1676. 1 These estimates, relating to the national income of England, were published at the beginning of the 1690s. Six years later a new and now celebrated estimate of England's national income was compiled by Gregory King.2 His calculations were more detailed than Petty's and probably more carefully executed.

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Cite This Study

Olle Krantz (Fri,) studied this question.

synapsesocial.com/papers/6a09f40ba9b588564434a250 https://doi.org/https://doi.org/10.1080/03585522.1983.10408005