Decomposing, Interpretating and Enhancing our Understanding of Economies: Some Brief Reflections on the Contributions of Graham Pyatt

Name: Decomposing, Interpretating and Enhancing our Understanding of Economies: Some Brief Reflections on the Contributions of Graham Pyatt
Brand: Vita e Pensiero
Price: 6.00 EUR
Availability: OnlineOnly

digital

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Issue

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2025 - 1

Title

Decomposing, Interpretating and Enhancing our Understanding of Economies: Some Brief Reflections on the Contributions of Graham Pyatt

Author

Geoffrey J.D. Hewings

Publisher

Vita e Pensiero

Format

Article |

Pdf

Pages

Online from

04-2025

Doi

10.26350/000518_000144

Issn

0035-676X (print) | 1827-7918 (digital)

€ 6.00

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Description

Graham Pyatt and his collaborators introduced new ways of exploring the structure and functioning of economies through the use of social accounting matrices. This paper focuses on the measurement and impact of alternative measures of income formation; Pyatt’s systems made an important distinction between factor and institutional income that has become an increasingly important issue in the measurement of income inequality. Some recent developments will be explored, with a focus on the work of Miyazawa whose concept of the interrelational income multiplier matrix embraced part but not all of Pyatt’s attention to income dynamics. The paper provides some recent extensions to these initiatives.