Ezra J. Mishan (November 15, 1917 - September 22, 2014) on Economics and Consumerism

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(1917 - 2014)

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 #9 on Economic Struggle Quotes >> Economics and Consumerism

“...this attitude of affluent-society man is to be explained by the central thesis of this volume: that beginning from the norms of postwar affluence economic growth has failed to provide men with additional choices significant to his welfare; that, indeed, it has incidentally destroyed some cardinal sources of welfare hitherto available. The bewildering assortment of gadgetry and fashion goods offers the sort of expansion that is as likely to subtract from than to add to his welfare. As produce, affluent-man has little choice but to adopt himself to the prevailing technology; no provision is made by industry enabling him, if he chooses, to forego something in the way of earnings for more creative and enjoyable work. Nor, as citizen, has he yet been presented with the vital choice of quieter and more human environments, free of the ravages of unrestrained traffic.”

Source: "The Costs of Economic Growth," by Ezra J. Mishan, Frederick A. Praeger Publishers, New York, Washington, 1967. Part Three, Chapter 12: The Weak Link Between Expanding Choice and Welfare, Page 121.

"The Costs of Economic Growth," by Ezra J. Mishan, Frederick A. Praeger Publishers, New York, Washington, 1967.

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April 15, 2020; 6:20:23 PM (UTC)
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July 10, 2022; 5:17:11 PM (UTC)
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