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Author : Ezra J. Mishan

 : Costs of Economic Growth

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...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.


     From : Part Three, Chapter 10: The Myth of Consumers' Sovereignty, Pages 110-111.

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     8 -- Added : April 15, 2020

     8 -- Updated : July 10, 2022

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