Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    From $11.99/month after trial. Cancel anytime.

    The Measurement of Durable Goods Prices
    The Measurement of Durable Goods Prices
    The Measurement of Durable Goods Prices
    Ebook633 pages17 hours

    The Measurement of Durable Goods Prices

    By Robert J. Gordon

    ()

    Read preview

    About this ebook

    American business has recently been under fire, charged with inflated pricing and an inability to compete in the international marketplace. However, the evidence presented in this volume shows that the business community has been unfairly maligned—official measures of inflation and the standard of living have failed to account for progress in the quality of business equipment and consumer goods. Businesses have actually achieved higher productivity at lower prices, and new goods are lighter, faster, more energy efficient, and more reliable than their predecessors.

    Robert J. Gordon has written the first full-scale work to treat the extent of quality changes over the entire range of durable goods, from autos to aircraft, computers to compressors, from televisions to tractors. He combines and extends existing methods of measurement, drawing data from industry sources, Consumer Reports, and the venerable Sears catalog.

    Beyond his important finding that the American economy is more sound than officially recognized, Gordon provides a wealth of anecdotes tracing the postwar history of technological progress. Bolstering his argument that improved quality must be accurately measured, Gordon notes, for example, that today's mid-range personal computers outperform the multimillion-dollar mainframes of the 1970s. This remarkable book will be essential reading for economists and those in the business community.
    LanguageEnglish
    PublisherUniversity of Chicago Press
    Release dateDec 1, 2007
    ISBN9780226304601
    The Measurement of Durable Goods Prices
    Author

    Robert J. Gordon

    Robert J. Gordon is Emeritus Professor at the University of Vermont and a Research Fellow at the University of the Free State. His books include Going Abroad: Travelling like an Anthropologist (Routledge, 2010) and most recently The Enigma of Max Gluckman: The Ethnographic Life of ‘Luckyman’ in Africa (Nebraska, 2018) which was a Choice Outstanding Academic Title in 2019.

    Read more from Robert J. Gordon

    Related to The Measurement of Durable Goods Prices

    Related ebooks

    Business For You

    View More
    View More

    Related podcast episodes

    Related articles

    • UNLIMITED

      Reporting From Bulgaria On The Intergovernmental Panel On Climate Change

      Jul 29, 2024

      Two UCS representatives are in Sofia, Bulgaria, at a planning session for the 7th Intergovernmental Panel on Climate Change report.

      4 min read

    • UNLIMITED

      References

      Dec 31, 2017

      1 Benjamin J. Cohen, “Electronic Money: New Day or False Dawn?,” Review of International Political Economy 8, no. 2 (2001): 197–225. 2 Manuel Castells, “Informationalism, Networks, and the Network Society: A Theoretical Blueprint” in I M. Castells: T

      5 min read

    • UNLIMITED

      In Memoriam: Richard L. Stroup (1943–2021)

      Jul 18, 2022

      Rick Stroup was one of the founders of the environmental economics movement; he was a conservationist of the first rank. Conserving resources requires accounting for the opportunity costs of using those resources. But in the 1970s the focus of enviro

      5 min read

    • UNLIMITED

      Inside the IPCC 61st Plenary Meeting: Debates and Decisions Shaping Climate Policy

      Aug 5, 2024

      In this final dispatch from Sofia, Bulgaria, Delta Merner summarizes the outcomes of the latest IPCC meeting.

      4 min read

    • UNLIMITED

      Ecosystem of Innovation

      Jul 13, 2023

      Engaged in original research on life science-related subjects, the Beijing-based National Institute of Biological Sciences (NIBS) has adopted a management system compliant with international conventions. Each of the institute’s 28 laboratories is ove

      4 min read

    • UNLIMITED

      Society

      Jan 4, 2024

      The Communist Party of China (CPC) Central Committee hosted a conference at the Great Hall of the People on December 26, 2023, to commemorate the 130th anniversary of the birth of former state leader Mao Zedong. Xi Jinping, General Secretary of the C

      3 min read

    • UNLIMITED

      References

      Jul 1, 2024

      1. Galbraith, J.K., 1958/1999. The Affluent Society. Penguin, London. 2. Ibid. 3. Chang, H.J., 2014. Economics: The User’s Guide. London: Penguin Books. 4. Veblen, T., 1899/2007. The Theory of the Leisure Class. Oxford University Press. 5. Galbraith,

      5 min read

    • UNLIMITED

      Who Made This Magazine?

      Feb 12, 2022

      EDITORIAL DIRECTOR Michael Goldman MANAGING EDITOR Paula Murphey DESIGN DIRECTOR Eric Ottinger SENIOR EDITOR Aaron Derr ASSOCIATE EDITORS Michael Freeman Sheniece Chappell SENIOR DIGITAL EDITOR Bryan Wursten DIGITAL EDITOR Gina Circelli COPY EDITOR L

      1 min read

    • UNLIMITED

      The Modi Government’s Nerve Centre For Covid-19 Management

      May 8, 2021

      Chairperson: Dr Vinod Paul, NITI Aayog Members: Dr Renu Swaroop, Secretary, Biotechnology; V. Thiruppugazh of the NDMA; officials from the MoHFW, cabinet secretariat and a director-level officer from the PMO; Dr Randeep Guleria, director of AIIMS; D

      3 min read

    • UNLIMITED

      Championing The Global Cause

      Jul 13, 2023

      Championing The Global Cause
      6 min read

    • UNLIMITED

      Taking Stock Of The Market

      Mar 23, 2023

      Brendan Ahern is chief investment officer at KraneShares, a U.S. exchange-traded fund (ETF) provider. He is an expert in global financial markets with a particular focus on China and actively maintains daily contact with an extensive local research n

      4 min read

    • UNLIMITED

      Warrior against Poverty

      Dec 27, 2019

      Long before economist Abhijit Banerjee won the 2019 Nobel Prize in Economics jointly with his wife, French-American economist Esther Duflo, and American Michael Kremer, 'for their experimental approach to alleviating global poverty', their work was c

      1 min read

    • UNLIMITED

      Building Up The Defense Line

      Dec 29, 2022

      ‘The Ninth Review Conference of the Biological Weapons Convention (BWC) saw China’s in-depth participation and utmost effort to facilitate the adoption of its outcome document,” Foreign Ministry spokesperson Mao Ning said at a press conference in Bei

      4 min read

    • UNLIMITED

      References

      Sep 29, 2022

      References
      1 min read

    • UNLIMITED

      Bibliography

      Jan 22, 2020

      1. Al Gore, our Choice, A plan to solve the climate crisis; Melcher Media). 2. Jeff Tollefson nature, international journal of science, China declared worlds largest producer of scientific articles-, 2018 Science & Enginering indicators, National Sci

      10 min read

    • UNLIMITED

      India’s Moment

      Dec 3, 2022

      The gavel of the G20 (Group of Twenty) presidency that was handed to Prime Minister Narendra Modi at the Bali summit in mid-November may appear diminutive. But the size belies the enormous responsibilities that come with it. On December 1, when India

      11 min read

    • UNLIMITED

      AGM Minutes: All Positions Filled

      Mar 29, 2023

      THE February meeting of the Norfolk FBA was an AGM with 19 members present. The meeting started with a summary of the committee meeting which took place in January. The main purpose of the meeting was to decide on 2022 breeding awards, although other

      1 min read

    • UNLIMITED

      March Of The Oligarchy

      Aug 20, 2023

      March Of The Oligarchy
      9 min read

    • UNLIMITED

      PEOPLE & POINTS

      Dec 5, 2024

      Veteran banker Zhang Qingsong has become the new chairman of China Investment Corp. (CIC), a sovereign wealth fund that manages part of the country’s foreign exchange reserves. Born in 1965, Zhang has worked in China’s banking system for more than th

      3 min read

    • UNLIMITED

      Stock Market Today: Fed's Smooth Talking Sends Dow Above 33K

      Mar 17, 2021

      Federal Reserve Chair Jerome Powell and the rest of the U.S. central bank deftly walked the expectations tightrope in their post-FOMC meeting commentary Wednesday – at least, that's what the afternoon jump in stocks indicated. The Fed upgraded its ex

      2 min read

    • UNLIMITED

      As Asia Heats Up, Leaders Must Look Beyond Domestic Concerns And Unite For Climate

      Aug 25, 2023

      Deadly heatwaves and flash floods that destroyed homes and pushed up food prices sparked a summer of discontent across Asia. With two of the largest democracies, India and Indonesia, heading for polls next year, political leaders seem nervous. During

      3 min read

    • UNLIMITED

      A New Crossroads

      Aug 12, 2021

      ‘Assuming that major players in the global semiconductor industry all have established a fully self-sufficient local supply chain, it will push up the overall prices of their products by 35 to 65 percent. And that will ultimately lead to higher sales

      3 min read

    Related categories

    Reviews for The Measurement of Durable Goods Prices

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      The Measurement of Durable Goods Prices - Robert J. Gordon

      Enjoying the preview?
      Page 1 of 1