Kōrero: 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.

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

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Me pēnei te tohu i te whārangi:

Gary Hawke, 'Economic thought - Measuring progress', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/photograph/22303/charles-knight (accessed 16 July 2019)

Story by Gary Hawke, published 11 Mar 2010