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The apparent PRODUCTIVITY increases brought about by Green Revolution technologies are largely a myth, because the famous high-yielding seeds have to be combined with large doses of complementary inputs (fertilizers, pharmaceuticals, irrigation). The measurement of productivity by narrow private criteria does not take into account the invisible externalization of a great part of the cost stemming from the utilization of technological processes which are destructive or intensive in the use of natural resources.

Anarchism had a brief flowering in the period after the Revolution.

Domar, E. (1946) “Capital Expansion, Rate of Growth, and Employment,” Econometrica 14. Harrod, R. (1939) “An Essay in Dynamic Theory,” Economic Journal 49:14–33. History In the early stages of the development of market economies, there was little apparent need to undertake much advertising. The reason was simple enough: because of the low level of economic development, the overall demand for goods and services was typically far in excess of the ability of producers to meet that demand. Hence, it is quite reasonable that CLASSICAL POLITICAL ECONOMY almost completely ignored demand as an important variable in the economy.

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