“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.”

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

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Paul A. Baran24

American Marxist economist 1909–1964

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