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Quote by Paul A. Baran

“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.”

Quote by Paul A. Baran

Book:Political Econ of Growth

Work

Political Econ of Growth

This book delves into the intricate connections between political and economic elements that influence growth. It examines how political decisions and economic policies can impact a nation's development and prosperity. more

Author

Paul A. Baran was a prominent economist, born on August 25, 1909, and died on March 26, 1964. He had a significant impact on the field of economics, particularly in the areas of network theory and information theory. more

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“Indeed, I find it illuminating to consider to what extent our "classical conditions" for economic growth are satisfied in the current, monopolistic phase of capitalism.”

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Book:Political Econ of Growth

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“Schumpter's daring and dashing entrepreneur is now a legendary figure from the distant past - if not from the mythology of capitalism - or is to be found only in the demimonde of business, founding new ice cream parlors or "deep freeze subscription clubs".”

Ifs Past Found Figures Capitalism Entrepreneur Clubs Mythology Ice Daring Cream Founding Ice Cream Freeze Legendary Parlor Dashing Subscription

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“" many seemingly independent businessmen or craftsman are more or less well paid retainers of larger corporations, such as the cobbler, operating a United States shoe machine or an automobile dealer holding a license of the General Motors Corporation."”

Wells States United United States Machines Paid Independent Shoes Corporations Businessman License Motor Automobile Dealer Craftsman General Motors Cobblers Retainers

Author:Paul A. Baran

“It has been estimated that even in the absence of net investment, the mere substitution of modern machinery for worn-out equipment in the United States would cause an annual productivity increase of approximately 1.5 percent.”

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Book:Political Econ of Growth

Source: Political Econ of Growth

“Indeed, the "whole bourgeoisie" on whose behalf the government was acting as its "committee" was a composite of a vast multitude of businessmen appearing as a conglomeration of many different and divergent groups and interests.”

Different Whole Government Interest Acting Groups Multitudes Committees Businessman Behalf Appearing Divergent Bourgeoisie Composites

Book:Political Econ of Growth

Source: Political Econ of Growth

“That the means of imperialist policy overshadow almost entirely its original ends has tremendous implications.”

Mean Ends Policy Originals Implications

Book:Political Econ of Growth

Source: Political Econ of Growth

“Whatever market for manufactured goods emerged in colonial and dependent countries did not become the "eternal market" of these countries. Thrown wide open by colonization and by unequal treaties, it became an appendage of the "internal market" of Western capitalism.”

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Author:Paul A. Baran

“For it is no railways, roads, and power stations that give rise to industrial capitalism: it is the emergence of industrial capitalism that leads to the building of railways, to the construction of roads, and to the establishment of power stations.”

Giving Building Capitalism Stations Construction Establishment Emergence Railway

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“The principal impact of foreign enterprise on the development of the underdeveloped countries lies in hardening and strengthening the sway of merchant capitalism, in slowing down and indeed preventing its transformation into industrial capitalism.”

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Book:Political Econ of Growth

Source: Political Econ of Growth

“The present Indian government, however, is neither able or willing to accept the challenge and to provide the leadership in breaking the resistance of urban and rural interests.”

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Author:Paul A. Baran