Economists wish to compare prices, real income, and output across countries and regions for many purposes. In the past, such comparisons were made in nominal terms, or by using exchange rates across countries, ignoring differences in price levels and thus distorting the results. Great progress has been made in interspatial comparisons in the past thirty years, but descriptions and discussions of the new measures have been scattered in unpublished or inaccessible papers. International and Interarea Comparisons of Income, Output, and Prices includes discussions of developments in the United Nations International Comparison Program, the largest effort in this field, and in the ICOP program on the production side, including efforts in both to extend the comparisons to the formerly planned economies. Other papers in this volume explore new programs on interspatial comparisons within the United States. There are also theoretical papers on how interspatial comparisons should be made and several examples of uses of such comparisons.

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Excerpt from History of Prices During the War: International Price Comparisons Before beginning the comparison of price fluctuations during the war in the United States and foreign countries it is desirable to get a. Clear idea of the fluctuations in this country. Table 2 presents the index numbers for 1913 - 1918 prepared by the Price Section of the War Industries Board for All commodi ties Table 3 reproduces these figures and adds index numbers for the seven groups used in the classification. Fifty industries are included in these groups, and the total number Of commodities quoted is though for various reasons 103 of them are not directly used in making the index numbers. Every commodity included in the computation was weighted by the production plus imports in 1917, and in making aggregates for the groups and for 'all commodities the 50 series Of class aggregates were weighted again in proportion to the estimated selling value of the products represented. A description Of the methods employed, a fuller presentation Of the results, and a discussion of their significance may be found in the summary Of the History Of Prices During the War. (war Industries Board Price Bulletin N O. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from International Price Comparisons Price fluctuations in the United States during the war. Correspondence between the price fluctuations of different coun tries in times of peace. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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