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Author : Ezra J. Mishan

 : Costs of Economic Growth

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...a bias in favor of the status quo enters whenever one aims to bring the economy closer to an optimum using the existing set of prices, since this set of prices itself emerged from the existing income-distribution.


     From : Part One, Chapter 3: The Choices Open to us, Page 49.

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     10 -- Added : April 15, 2020

     10 -- Updated : July 10, 2022

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