Mises Daily
Author:
Lionel Robbins
Online Publish Date:
[From The Burden of Plenty (1935), edited By Graham Hutton.] I want to start by saying something about the phrase “poverty in plenty” of which we hear so much. I cannot help thinking that it may be misleading to some readers. The object of this series is to explain why the economic machine sometimes produces so much less than it could produce,