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In the middle of the eighteenth century, the physician-turned-economist François Quesnay devised a quantitative model of the economy, among the first of its kind and a precursor to present-day GDP. Quesnay is famous today as among the leading lights of an economic theory known as Physiocracy. Like other Physiocrats, Quesnay placed land and agricultural output More
The post GDP and the Idolatry of Growth appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by David S. D’Amato.