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The purpose of any economic system ought not to be growth for its own sake, but the efficient allocation of resources. Foremost... the provision of a… - John Komlos
" "The purpose of any economic system ought not to be growth for its own sake, but the efficient allocation of resources. Foremost... the provision of a decent life in which output is distributed equitably, people do not need to struggle to meet their basic needs... and... realize their human potential. This means... sufficient leisure time to participate in... social, cultural, and political life.
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About John Komlos
(born 28 December 1944) is an American economic historian of Hungarian descent and former holder of the chair of economic history at the University of Munich.
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Anthropometric history... has the advantage of having an abundant evidential basis beginning with the seventeenth century... This approach acknowledges... the inherent multidimensionality of the concept "" and asserts that the several dimensions might not move synchronously, and therefore they ought not to be collapsed into a single indicator...
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