Carolina QuotesThe purpose of any economic system ought not to be growth for its own sake, but the efficient allocation of resources. Foremost... the provision of a decent life in which output is distributed equitably, people do not need to struggle to meet their basic needs... and... realize their human potential. This means... sufficient leisure time to participate in... social, cultural, and political life.
John Komlos Connected to the Carolinas
Source
No citation is recorded for this quotation.
- work
- Foundations of Real-World Economics (2019)
- year
- 2019
no citation recorded
Cite this record
“The purpose of any economic system ought not to be growth fo…” John Komlos. Carolina Quotes, record CQ-5D75CA0FA4. https://carolinaquotes.com/quote/5d75ca0fa4
More from John Komlos
Usually the relationship between the true unemployment rate and the official unemployment rate is 2:1.
Deregulation was supposed to make the economy more efficient... but instead it led to the financial crisis... and Blackboard Economists did not even see the crisis coming when it was around the corner.
The importance of anthropometric history is accentuated by the debate over the course of the material standard of living during the early phases of the industrial revolution, when food consumption still accounted for as much as three-fourths of total income among the laboring classes, even in the most advanced European societies.