 | Ezra J. Mishan (November 15, 1917 - September 22, 2014) on Economics and Consumerism(published by RevoltSource) |
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| Ezra J. Mishan (November 15, 1917 - September 22, 2014) on Economics and Consumerism(published by RevoltSource) |
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English Economist best Known for his Work Criticising Economic Growth
: An English economist best known for his work criticising economic growth. Between 1956 and 1977 he worked at the London School of Economics where he became Professor of Economics. In 1965, while at the LSE, he wrote his seminal work The Costs of Economic Growth, but was unable to find a publisher until 1967. (From: Wikipedia.org.)
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Quote #8 on Economic Struggle Quotes >> Economics and Consumerism
“...not only do producers determine the range of market goods from which consumers must take their choice, they also seek continuously to persuade consumers to choose that which is being produced today and to 'unchoose' that which was being produced yesterday. Therefore to continue to regard the market, in an affluent and growing economy, as primarily a 'want-satisfying' mechanism is to close one's eyes to the more important fact, that it has become a want-creating mechanism.”
Source: "The Costs of Economic Growth," by Ezra J. Mishan, Frederick A. Praeger Publishers, New York, Washington, 1967. Part Three, Chapter 10: The Myth of Consumers' Sovereignty, Pages 110-111.
"The Costs of Economic Growth," by Ezra J. Mishan, Frederick A. Praeger Publishers, New York, Washington, 1967.
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