“People above the line of bare subsistence in this age, and in all earlier ages, do not use the surplus which society has given them primarily for useful purposes. They do not seek to expand their lives, to live more wisely, intelligently, understandingly, but to impress other people with the fact that they have a surplus.”
Quote by Stuart Chase
Author
Stuart Chase
Stuart Chase was an American economist renowned for his contributions to economic forecasting and his influential books on economics. Born on March 8, 1888, in Canton, Ohio, he passed away on November 16, 1985. Chase's work focused on the application of economic principles to public policy and business decisions, and he was a pioneer in the field of economic forecasting. His writings, including 'The Road to Plenty' and 'The Conquest of Poverty', have had a lasting impact on economic thought and policy. more
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