Wednesday, October 22, 2008

Readings: Knight (1)

"It ought to be the highest objective in the study of economics to hasten the day when the study and the practice of economy will recede into the background of men's thoughts, when food and shelter, and all provision for physical needs, can be taken for granted without serious thought, when 'production' and 'consumption' and 'distribution' shall cease from troubling and pass below the threshold of consciousness and the effort and planning of the mass of mankind may be mainly devoted to problems of beauty, truth, right human relations and cultural growth."
Frank H. Knight, The Economic Organization (1933)

No comments: