Quote of the day
What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.
Paul A. Baran
Born: August 25, 1909
Died: March 26, 1964 (aged 54)
Bio: Paul Alexander Baran was an American economist known for his Marxist views. In 1951 Baran was promoted to full professor at Stanford University and Baran was the only tenured Marxian economist in the United States until his death in 1964.
Known for:
- Monopoly Capital
- The Political Economy of Growth (1957)
- The longer view
- Le Capitalisme monopoliste