"The usefulness and importance of a system of national accounts can most readily be appreciated by returning to origins of the method and at the same time considering the actual necessity of this type of analysis. This new analytical technique was first introduced in Great Britain during the Second War. John Maynard Keynes was at that time an expert adviser to the Treasury on problems of war finance, and his assistants included Richard Stone. Keynes took as his starting point a balance between total current resources (including real gross national product) on the supply side and total consumption, investments and expenditure for the war effort on the demand side. Richard Stone's experiments in the systematic processing of the copious flood of statistical material in the form of national accounts moved Keynes to exclaim: "We are in a new era of joy through statistics""
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Original Language: English
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(1984) "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1984 : Richard Stone : Award Ceremony Speech," www.nobelprize.org,
https://en.wikiquote.org/wiki/Gross_National_Product
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