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This document summarizes a study on productivity trends in the United States from the National Bureau of Economic Research. It begins with acknowledgments and an introduction by Solomon Fabricant on the importance of understanding productivity change. The first chapter discusses the significance of measuring productivity change and how it can provide insights into aggregate economic development, structural economic changes, and future prospects. It outlines the study's plan to examine productivity at both the national and industry levels from 1929 to 1957. The second chapter describes the concepts and measurement of output and input used in the analysis, including defining labor, capital and dimensions of output. It discusses the sources and reliability of the basic data used to measure real national product and industry output.
This document summarizes a study on productivity trends in the United States from the National Bureau of Economic Research. It begins with acknowledgments and an introduction by Solomon Fabr…