The celebrated economist Zvi Griliches's entire career can be viewed as
an attempt to advance the cause of accuracy in economic measurement. His
interest in the causes and consequences of technical progress led to his
pathbreaking work on price hedonics, now the principal analytical
technique available to account for changes in product quality.
Hard-to-Measure Goods and Services, a collection of papers from an
NBER conference held in Griliches's honor, is a tribute to his many
contributions to current economic thought. Here, leading scholars of
economic measurement address issues in the areas of productivity, price
hedonics, capital measurement, diffusion of new technologies, and output
and price measurement in "hard-to-measure" sectors of the economy.
Furthering Griliches's vital work that changed the way economists think
about the U.S. National Income and Product Accounts, this volume is
essential for all those interested in the labor market, economic growth,
production, and real output.