"Orthodox economists would have us believe that money makes the world go round. The more money you make the better. the higher a corporation's profits the better. The bigger a country's GDP per capita the better. The greater the NASDAQ Index the better. Lonergan, by contrast, holds a different view. In his opinion, money & finance should not be considered the centre-piece of an economy. Rather, money & finance should meet the needs of the production. Production should not be manipulated to meet the needs of finance." (McShane and Anderson,
Beyond Establishment Economics: No Thank You Mankiw [Halifax: Axial Press, 2002] 28.)
No comments:
Post a Comment