The Goal of Economics

From p. 5 of Frank Knight’s 1951 book The Economic Organization:

Civilization should look forward to a day when the material product of industrial activity shall become rather its by-product, and its primary significance shall be that of a sphere for creative self-expression and the development of a higher type of individual and of human fellowship. It ought to be the first aim of economic policy to reduce the importance of economic policy in life as a whole.

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