Economic Development
Alfred Marshall (1842–1924) was the most influential British economist of the early 20th century, and a proponent of classical liberalism. In his highly influential Principles of Economics (1890), he was deeply interested in human progress and in what is now called sustainable development. For Marshall, the importance of wealth lay in its ability to promote the physical, mental, and moral health of the general population. After World War II, the modernization and development programs undertaken in the Third World were typically based on the Idea of Progress.
Read more about this topic: Myth Of Progress
Famous quotes containing the words economic and/or development:
“Our country has deliberately undertaken a great social and economic experiment, noble in motive and far- reaching in purpose.”
—Herbert Hoover (1874–1964)
“The development of civilization and industry in general has always shown itself so active in the destruction of forests that everything that has been done for their conservation and production is completely insignificant in comparison.”
—Karl Marx (1818–1883)