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Portrait of Xenophon Zolotas.

Portrait of Xenophon Zolotas.
Portrait of Xenophon Zolotas.
Portrait of Xenophon Zolotas.
SKU: SCAN-NOP-0000109188

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Xenophon Zolotas was a Greek economist and served as an interim non-party Prime Minister of Greece. Born in Athens in 1904, Zolotas studied economics at the University of Athens, and later studied in Leipzig and Paris. He came from a wealthy family of goldsmiths with roots in pre-revolutionary Russia. In 1928 he became Professor of Economics at Athens University and at Aristotle University of Thessaloniki, a post he held until 1968, when he resigned in protest at the military regime which had come to power in 1967. He was a member of the Board of Directors of UNRRA in 1946 and held senior posts in the International Monetary Fund and other international organisations in 1946 and 1981. Zolotas was director of the Bank of Greece in 1944–1945, 1955–1967 (when he resigned in protest at the regime), and 1974–1981. His book Economic Growth and Declining Social Welfare advances the idea that in modern economic growth there is an increasing output of useless and even discomforting things, such as advertising. He is buried in the First Cemetery of Athens. He was born on 26 March 1904 and died on 10 June 2004.

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