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Institutionalism in Action: Balancing the Substantive Imbalances of "the Economy" through the Veil of Money.

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    • Abstract:
      The article focuses on income accounting was born out of a governmental project, implemented by institutionalist economists at the National Bureau of Economic Research (NBER) during the interwar period, to manage the business cycle. It mentions macroeconomic indicator Gross Domestic Product (GDP) have been most closely associated with growth. It also mentions imbalances into an equilibrium between production and consumption under National Income and Product Accounts (NIPA) System.