First published in 1967, The Costs of Economic Growth was based on the central conviction that the official figures for growth in real income were entirely compatable with a decline in human welfare. Twenty-five years later, this work remains the most persuasive and systematic demolition of the religion of growth yet published, its arguments only reinforced by the growing social and environmental problems of the late twentieth century. For this new edition, the text has been revised and updated in the light of recent global perils and environmental degradation.
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E. J. Mishan, PhD, was Professor of Economics at the London School of Economics for over twenty-one years. He has also lectured at various universities throughout North America. He is the author of Cost Benefit Analysis, a text used in many universities, The Costs of Economic Growth, Revised (Praeger, 1993), and several other books. He also published articles in leading economics journals, including American Economic Review, Journal of Political Economy, and The Quarterly Journal of Economics, and newspapers like The New York Times and The Financial Times.
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