SOCIAL ACCOUNTING FOR MONEYFLOWS.
Abstract The article presents information about moneyflows in social accounting. The economy has suffered in the past from business depressions and unemployment and in spite of the present high level of business activity there is no reason to think depressions have been eliminated. If one looks beyond the immediate situation, unemployment is still the most important economic problem. Because one lives in a money economy where moneyflows play an important role in organizing economic activity, a better understanding of moneyflows should help one towards a better understanding of the problem of maintaining reasonably full employment. Moneyflows arise out of transactions. Because they arise out of transactions they are recorded in accounts to the extent that the transactors involved keep books. Because they arise out of transactions, too, over-all estimates of the money flows in the economy lend themselves to presentation in financial statement form. Such a form of presentation has the great advantage of organizing the component moneyflow estimates into a systematic picture, a picture that brings out a number of equalities between debit totals and credit totals. These equalities facilitate the process of making statistical estimates of moneyflows.
- DOI
- 10.2308/tar-7062127
- Volume
- 24 (3)
- Pages
- 254-264
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref