“What we need is a concept of "gross national cost." Life is a balance sheet, not simply economic growth. It is income and outgo. And until we know what the cost of growth is we will continue to operate under an illusion.”
The Liberals' Mistake (1987)
Context: What we need is a concept of "gross national cost." Life is a balance sheet, not simply economic growth. It is income and outgo. And until we know what the cost of growth is we will continue to operate under an illusion. As long as we consider only the growth of goods and ignore the growth of personal and community well-being, we will be impoverished by growth. That is what is happening in our society today.
Help us to complete the source, original and additional information
Charles A. Reich 55
American lawyer 1928–2019Related quotes

Presidential campaign (April 12, 2015 – 2016), First presidential debate (September 26, 2016)

Mohamed Azmin Ali (2018) cited in " Azmin: A different economic logic for Malaysia https://www.thestar.com.my/business/business-news/2018/10/08/azmin-a-different-economic-logic-for-malaysia/" on The Star Online, 8 October 2018

Simon Kuznets in: Herbert David Croly eds. (1962) The New Republic Vol. 147. p. 29: About rethinking the system of national accounting

“We know the costs of Europe. What are the benefits?”
Quote by Nigel Farage on an article in The Sun, 1 August 2012. Record bill for EU is £19bn http://www.thesun.co.uk/sol/homepage/news/politics/4465801/British-taxpayers-paid-a-record-192BILLION-to-the-EU.html
2012

Jonathon Porritt, founder and director of the Forum for the Future, cited in Prosperity Without Growth, 2017 edition.
About

“The economic illusion is the belief that social justice is bad for economic growth.”
Introduction, p. 1 (First text line.)
The Economic Illusion (1984)

2006- 2010
Source: Annual Address to the Federal Assembly http://kremlin.ru/eng/speeches/2006/05/10/1823_type70029type82912_105566.shtml, (May 2006)
Adam Przeworski and Fernando Limongi, The Journal of Economic Perspectives (Summer, 1993)