national accounting, history of

André Vanoli
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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With antecedents as far back as the late 17th century, national accounting is a product of the Great Depression, the Second World War and the subsequent period of recovery and economic growth. Soon after the war, country experiences and international harmonization processes interacted, eventually leading to a complete accounting framework with the 1993 SNA/ESA 1995. Until the mid-1970s, national accounting experienced a kind of golden age, after which greater difficulties arose, in terms of the increased complexity of economic life, widened social concerns and theoretical challenges. In that context, impressive achievements and a sense of frustration have coexisted.
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How to cite this article

Vanoli, André. "national accounting, history of." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 13 December 2017 <> doi:10.1057/9780230226203.1157

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