A New Architecture for the U.S. National Accounts.

• Position: Bureau Books

A New Architecture for the US. National Accounts, edited by Dale W. Jorgenson, J. Steven Landefeld, and William D. Nordhaus, is available from the University of Chicago Press this spring for $99.00. To order this volume, contact: University of Chicago Press, Order Department, 11030 South Langley Avenue, Chicago, IL 60628-2215, or 1-800-621-2736. Academic discounts are available.

This NBER volume, part of the series of Studies in Income and Wealth (No. 66), brings together a distinguished group of contributors to initiate the development of a comprehensive and fully integrated set of U.S. national accounts. The purpose of that new architecture is not only to integrate the existing systems of accounts, but also to identify gaps and inconsistencies and to expand and incorporate systems of non-market accounts with the core system.

Because the U.S. economy represents almost 30 percent of the world economy, it is not surprising that accounting for this huge and diverse set of...