Ezra J. Mishan (November 15, 1917 - September 22, 2014) on Economics and The Market(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.)
Quote #5 on Economic Struggle Quotes >> Economics and The Market
“...that latest addition to the armory of the Establishment, the economic index. A remarkably simple thing in itself, a mere number in fact, yet one that is treated with unabashed reverence. Apparently one has but to consult it to comprehend the entire condition of society. Among the faithful, and they are legion, any doubt that, say, a four percent growth rate, as revealed by the index, is better for the nation than a three percent growth rate is near-heresy; is tantamount to a doubt that four is greater than three.”
Source: "The Costs of Economic Growth," by Ezra J. Mishan, Frederick A. Praeger Publishers, New York, Washington, 1967. Part One, Foreword, Page xviii.
"The Costs of Economic Growth," by Ezra J. Mishan, Frederick A. Praeger Publishers, New York, Washington, 1967.
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