“It is a great error to assume . . . that the methodology of economics is normally applied to determine whether an activity carried on by a group within society yields a profit to society as a whole. Even nationalised industries are not considered from this more comprehensive point of view. Every one of them is given a financial target—which is, in fact, an obligation—and is expected to pursue this target without regard to any damage it might be inflicting on other parts of the economy.”
Quote by Ernst F. Schumacher
Work
Small Is Beautiful: Economics as if People Mattered
Browse quotes and source details for this work. more
Author
You May Also Like
“Do not let your confidence or love be easily removed or frightened by the rage of a warrior”
Source: Crown of Souls
Source: Of Human Bondage
“Fate and family put me in charge of this city. I will run it my way.”
Source: Murder on Balete Drive
“Being confident means you know who you are, your strength and your limitation.”
Source: 100 Creativity Ingredients: Everyone’s Playbook to Unlock Creativity
“Sometimes all it takes is one person to speak their truth. Speak yours.”