"Stone was by no means the first economist to produce national income accounts. Simon Kuznets, for example, had already done so for the United States. Stone’s distinctive contribution was to integrate national income into a double-entry bookkeeping format. Every income item on one side of the balance sheet had to be matched by an expenditure item on the other side, thus ensuring consistency. Stone’s double-entry method has become the universally accepted way to measure national income."
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David Henderson. "John Richard Nicholas Stone." The Concise Encyclopedia of Economics. 2008. Library of Economics and Liberty. 13 June 2014.
https://en.wikiquote.org/wiki/Bookkeeping
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Bookkeeping
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