The first official estimates of British national income and expenditures
were made according to Stone's method in 1941. The greater part of Stone's
work, however, was done in the 1950s, when he offered the first concrete
statistical means by which to measure investment, government spending,
and consumption; these models resulted in what was, in essence, a national
bookkeeping system. He went on to adapt his models for such international
organizations as the United Nations. He was coauthor (with J.E. Meade)
of National Income and Expenditure (1944; 10th ed., with Giovanna Stone,
1977) and author of several other works, including Input-Output and
National Accounts (1961), Mathematics in the Social Sciences and Other
Essays (1966), and Mathematical Models of the Economy and Other Essays
(1970). He was also general editor and part author of the series A Programme
for Growth 1962-74.
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