Paul A. Baran: Economics

Paul A. Baran was American Marxist economist. Explore interesting quotes on economics.
Paul A. Baran: 48   quotes 0   likes

“It is in underdeveloped world that he central, overriding fact of our epoch becomes manifest to the naked eye: the capitalist system, once a mighty engine of economic development, has turned into a no less formidable hurdle to human advancement.”

Paul A. Baran

Source: The Political Economy Of Growth (1957), Chapter Eight, The Steep Ascent, p. 249

World

“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.”

Paul A. Baran

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

“But when reason and the study of history began revealing the irrationality, the limitations, and the merely transitory nature of the capitalist order, bourgeois ideology as a whole and with it bourgeois economics began abandoning both reason and history.”

Paul A. Baran

Source: The Political Economy Of Growth (1957), Chapter One, A General View, p. 4

History , Nature , Study

“Indeed, I find it illuminating to consider to what extent our "classical conditions" for economic growth are satisfied in the current, monopolistic phase of capitalism.”

Paul A. Baran

Source: The Political Economy Of Growth (1957), Chapter Three, Standstill And Movement Under Monopoly Capitalism, I, p. 51

“The alarm must be sounded because it is the economic and social system of capitalism and imperialism that prevents the urgently needed full mobilization of the potential economic surplus and the attainment of rates of economic advancement that can be secured with its help.”

Paul A. Baran

Source: The Political Economy Of Growth (1957), Chapter Seven, Towards A Morphology Of Backwardness, II, p. 244

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