The use of global abstractions: national income accounting in the period of imperial decline

Abstract

AbstractThis article explores the history of a conceptual world economic order of nations created by statistically minded economists over the last seventy years. Drawing upon work by Colin Clark, Richard Stone, and Simon Kuznets from the 1930s, 1940s, and 1950s, it reconstructs the rise of new economic indicators referring to economic inequality. Two forms of intellectual practice can be identified that characterized a remarkable shift in knowledge production in Anglo-American economics in the period of French and British imperial decline. One was new methods of counting and comparing income, which produced a sensational new view of the world as a place of enormous poverty. The other was the belief that these issues could be solved by applying a limited set of policy recommendations to all economies in the world.