Edward Fulton Denison (December 18, 1915, Omaha – October 23, 1992, Washington D.C.) was an American economist.... He was a pioneer in the measurement of the United States

gross national product The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product ( GDP), plus factor incomes earned by foreig ...

and one of the founders of

growth accounting Growth accounting is a procedure used in economics to measure the contribution of different factors to economic growth and to indirectly compute the rate of technological progress, measured as a residual, in an economy. Growth accounting decomposes ...

. Denison earned a bachelor's degree in economics in Oberlin College in 1936, a master's degree in Brown University in 1938, and a doctorate from Brown in 1941. In 1948, he became acting chief of the National Income Division of the Bureau of Foreign and Domestic Commerce. The next year, Edward also acted as Assistant Director and Chief Economist of the Office of Business Economics. In 1956 he left OBE to work for the Committee for Economic Development. From 1963, he served as a senior member of the

Brookings Institution The Brookings Institution, often stylized as simply Brookings, is an American research group founded in 1916. Located on Think Tank Row in Washington, D.C., the organization conducts research and education in the social sciences, primarily in e ...

on economic research. In 1966 Denison was elected as a

Fellow of the American Statistical Association Like many other academic professional societies, the American Statistical Association (ASA) uses the title of Fellow of the American Statistical Association as its highest honorary grade of membership. The number of new fellows per year is limited ...

. He became a distinguished fellow of the American Economic Association in 1981. He married Elsie Lightbown. His daughter, Janet Howell has served in the Virginia Senate since 1992.

Selected works

*''Trends in American economic growth, 1929-1982'' (1962), published on '' The Journal of Business'' *''The Residual Factor and Economic Growth'' (

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. ...

, 1962) *''The Sources of Economic Growth in the United States & the Alternatives Before us'' (

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the U ...

, 1962), one that describes his theory mostly *''Why growth rates differ; postwar experience in nine western countries'' ( Washington D. C., 1967) *''Accounting for United States economic growth, 1929-1969'' (Washington D. C., 1974) *''Accounting for slower economic growth : the United States in the 1970s'' (Washington D. C., 1979)

References

{{DEFAULTSORT:Denison, Edward Fulton 1915 births 1992 deaths Oberlin College alumni Brown University alumni 20th-century American economists People from Omaha, Nebraska Fellows of the American Statistical Association Mathematicians from Nebraska Distinguished Fellows of the American Economic Association Economists from Nebraska