• Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases.

    Joan Robinson: Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases.
    American Economic Association, Joan Robinson (1972). “The Second Crisis of Economic Theory: And Other Selected Papers from the American Economic Meeting, December 27-29, 1971”