Keynes, 1933. "National Self-Sufficiency." The New Statesman and Nation
On Wed, Jul 25, 2001 at 07:44:54AM -0700, Tom Walker wrote:
> For 10 points each: name the author and source of the following quote:
>
> "For the minds of this generation are still so beclouded by bogus
> calculations that they distrust conclusions which should be obvious, out of
> a reliance on a system of financial accounting which casts doubt on whether
> such an operation will 'pay'. We have to remain poor because it does not
> 'pay' to be rich. We have to live in hovels, not because we cannot build
> palaces but because we cannot 'afford' them.
>
> "The same rule of self-destructive financial calculation governs every walk
> of life. We destroy the beauty of the countryside because the unappropriated
> splendours of nature have no economic value. We are capable of shutting off
> the sun and the stars because they do not pay a dividend. London is one of
> the richest cities in the history of civilisation, but it cannot 'afford'
> the highest standards of achievement of which its own living citizens are
> capable, because they do not 'pay.'"
> Tom Walker
> Bowen Island, BC
> 604 947 2213
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
