Doug Henwood dhenwood at
Fri Feb 19 21:23:13 PST 1999

Rakesh Bhandari quoted:

>In short, the GNP data exclude the critical intermediate stages of
>production. Advocates of this traditional approach do so because, they say,
>they wish to studiously avoid double counting...

And what's wrong with avoiding double counting? The final sales criterion makes plenty of sense to me. But I'm just a vulgar empiricist, as is well known.


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