Paul A. Baran Quote

By elevating the dictum of the market to the role of the sole criterion of rationality and efficiency, economics denies even all "respectability" to the distinction between essential and non-essential consumption, between productive and unproductive labor, between actual and potential surplus.


Chapter Two, The Concept Of the Economic Surplus, p. 25 - The Political Economy Of Growth (1957)


By elevating the dictum of the market to the role of the sole criterion of rationality and efficiency, economics denies even all respectability to...

By elevating the dictum of the market to the role of the sole criterion of rationality and efficiency, economics denies even all respectability to...

By elevating the dictum of the market to the role of the sole criterion of rationality and efficiency, economics denies even all respectability to...

By elevating the dictum of the market to the role of the sole criterion of rationality and efficiency, economics denies even all respectability to...