A Quiz about ‘Economic’ Values

by Don Boudreaux on May 31, 2010

in Economics, Myths and Fallacies

Without googling, guess who wrote the following passage:

Economic changes, in other words, usually affect only the fringe, the “margin,” of our needs.  There are many things which are more important than anything which economic gains or losses are likely to affect, which for us stand high above the amenities and even above many of the necessities of life which are affected by the economic ups and downs.  Compared to them, the ‘filthy lucre,’ the question whether we are economically somewhat worse or better off, seems of little importance.

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