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Quote by Robert Heilbroner

“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.”

Quote by Robert Heilbroner

Author

Robert Heilbroner

Robert Heilbroner was a prominent economist, born on March 24, 1919, and passed away on January 4, 2005. His research focused on macroeconomics and the history of economics, profoundly influencing economic theory and policy. more

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