“If an economy in the doldrums could drift indefinitely, the price of government inaction might be graver by far than the consequences of bold unorthodoxy.” IfsGovernmentMightEconomyConsequenceInactionDoldrums Book:The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers Source: The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers
“Growth is the mantra of our society because the economy can't remain healthy without growth.Impregnable monopolies aside (and these are few), profits are both the hallmark of capitalism and its Achilles heel, for no business can permanently maintain its prices much above its costs. There is only one way in which profits can be perpetuated; a business-or an entire economy-must grow.” WayGrowsGrowthEconomyHealthyCostCapitalismProfitOne WayOur SocietyHeelsMonopolyMantrasHallmarkAchillesAchilles Heel Author:Robert Heilbroner
