“In a capitalist country foreign trade, like any other trade, is carried on by individual firms, and individual firms cannot be guided in their activities by "global"considerations, by concern with the impact of their operations on the economy as a whole.”

—  Paul A. Baran

Source: The Political Economy Of Growth (1957), Chapter Four, Standstill and Movement Under Monopoly Capitalism, II, p. 110

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Paul A. Baran photo
Paul A. Baran24
American Marxist economist 1909–1964

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