Story: Economic thought

Charles Knight

Charles Knight

Charles Knight was a civil servant in the 1860s and eventually became auditor general. He recognised that assessing outputs available to consumers should take into account the way that products from one industry could be inputs into another. This concept of ‘value added’ did not become part of international thinking until the 1920s and 1930s.

Using this item

Alexander Turnbull Library
Reference: 1/4-015414; F

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

All images & media in this story

How to cite this page:

Gary Hawke, 'Economic thought - Measuring progress', Te Ara - the Encyclopedia of New Zealand, (accessed 20 April 2024)

Story by Gary Hawke, published 11 Mar 2010