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

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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 #6 on Economic Struggle Quotes >> Economics and The Market

“An unbroken period of fixed exchange rates with all the day-to-day, week-to-week and year-to-year preoccupation with these thorny, albeit familiar, problems about stock-piling, seasonal variations, 'leads and lags', the movement of gold and the exchange of reserves, foreign confidence and central-bank cooperation, to say nothing of a succession of international conferences with endless proposals for increasing international liquidity and expanding international trade, all this has created stubborn material and intellectual interests. The cumulated weight of years of habitual response lies heavy on our spirit, and though our political leaders follow the fashion and croak 'challenge' from time to time there has been no response in terms of political ingenuity. For the recurring ailment nothing but more of the same old medicine: sweat, toil and exhortations to export.”

Source: "The Costs of Economic Growth," by Ezra J. Mishan, Frederick A. Praeger Publishers, New York, Washington, 1967. Part One, Chapter 2: The No-choice Myth, Page 33.

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

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April 16, 2020; 4:14:09 PM (UTC)
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