India’s Economy in the Last Decade

In the late 1940s, Morris Copeland (1952) sought to formalise this intuition in his pioneering work, Tracing MoneyIn the late 1940s, Morris Copeland (1952) sought to formalise this intuition in his pioneering work, Tracing Money Flows throughthe United States Economy (1947), later expanded into his 1952 volume. Faced with the impossibility of observing every transaction in a modern capitalist economy, Copeland proposed a different strategy: rather than follow individual exchanges, one could divide the economy into major institutional sectors and map the aggregate financial flows between them