Ocupation: Economist
Life: January 18, 1910 - March 18, 1993
Birthday: January 18
Death: March 18
Economic progress means the discovery and application of better ways of doing things to satisfy our wants. The piping of water to a household that previously dragged it from a well, the growing of two blades of grass where one grew before, the development of a power loom that enables one man to weave ten times as much as he could before, the use of steam power and electric power instead of horse or human power - all these things clearly represent economic progress.
source: "Principles of Economic Policy". Book by Kenneth Ewart Boulding, p. 23, 1958.
topic: Horse, Mean, Men, Economic Progress, Electric Power, Human Power