The First Comprehensive Accounting System to Measure the Economy

In the early 19 thirties, a young economist named simon cosnetz was hired by the federal government to figure out just how bad the damage from the great depression was. After months and months of heroic nurlery, cosnetz delivered a report to congress titled national income19 29 o 19 32. And what it did was provided federal government with the first comprehensive accounting system to measure the economy. By the way, you should chuck out our planet money summer school series. There's a recent episode all about usnets and g t pts worth te listen.