“Having taught economics courses at private vocational schools and universities, I have always had a problem with GNP as a yardstick of prosperity. GNP is improved by increases in questionable activities such as consumption of cigarettes and the production of weapons. Moreover, a substantial increase in car accidents will favorably affect GNP because more funerals, hospital visits, car repairs, and new car purchases will result.” ProblemSchoolCoursesResultsBusinessCarTaughtActivityWeaponsEconomicsIncreaseUniversityProsperityProductionsAccidentsHospitalsFuneralCigaretteConsumptionQuestionableCar AccidentNew CarYardsticks Author:Ernie J Zelinski
“Unless we do change our whole way of thought about work, I do not think we shall ever escape from the appalling squirrel-cage of economic confusion in which we have been madly turning for the last three centuries or so, the cage in which we landed ourselves by acquiescing in a social system based upon Envy and Avarice. A society in which consumption has to be artificially stimulated in order to keep production going is a society founded on trash and waste.” ThinkingWayHas BeensWholeLastsOrderThreeSocialWorkEconomicCenturyWasteEconomicsProductionsEnvyConfusionConsumptionCagesTrashAvariceSquirrelsSocial Systems Author:Dorothy L. Sayers
“By elevating the dictum of the market to the role of the sole criterion of rationality and efficiency, economics denies even all "respectability" to the distinction between essential and non-essential consumption, between productive and unproductive labor, between actual and potential surplus.” RolesEssentialsEconomicsLaborDenyDistinctionProductiveSoleConsumptionEfficiencyRationalityCriteriaSurplusRespectabilityElevatingUnproductive Book:Political Econ of Growth Source: Political Econ of Growth
“The potential gains from improved stabilization policies are on the order of hundredths of a percent of consumption, perhaps two orders of magnitude smaller than the potential benefits of available supply-side fiscal reforms.” TwoOrderSidesPolicyBenefitsPercentGainsEconomicsAvailableReformConsumptionMagnitude Author:Robert Lucas, Jr.
“To expect to increase prices and then to maintain them at a higher level by means of a plan which must of necessity increase production while decreasing consumption is to fly in the face of an economic law as well established as any law of nature.” WellsMeanFacesLawLevelsPlansEconomicHigherEconomicsIncreaseProductionsConsumptionLaws Of NatureHigher Level Author:Calvin Coolidge
“I write for one and only one purpose, to overcome the invincible ignorance of the traduced heart. I wish to speak to and for those who have had enough of the Social Lie, the Economics of Mass Murder, the Sexual Hoax, and the Domestication of Conspicuous Consumption.” WritingHeartEnoughLyingPurposeSpeakWishSocialIgnoranceMassEconomicsOvercomingMurderConsumptionInvincibleHad EnoughHoaxesConspicuous Consumption Author:Kenneth Rexroth
“The first law of economics is that when the price goes up, consumption comes down. This is a divine law.” FirstsLawBusinessDivineEconomicsConsumptionDivine Law Author:Ahmed Zaki Yamani
“What does a tax do? It takes either from the producer or the consumer a more or less sizable portion of the product destined in part to consumption and in part to savings, in order to apply it to less productive or even destructive ends, and more rarely to savings.” DoeEndsPhilosophyPoliticalOrderProductsTaxesEconomicsProducersSavingConsumersDestructiveProductivePortionsConsumptionDestinedSavings Author:Gustave de Molinari
“A tax is always a sacrifice which the government demands of individuals.While it only lessens every one's personal enjoyments, it only shifts expenses from one to another.But when it encroaches on productive consumption it diminishes public riches.” PhilosophyGovernmentPoliticalIndividualSacrificeDemandTaxesEconomicsRichesProductiveExpensesConsumptionDiminish Author:Antoine Destutt de Tracy
“The 20th Century approach to economics, resource depletion and over-consumption means we boom and bust until we bust more than we boom; that is precisely what is happening. In a low growth economy, the true meaning of resource efficiency in business and in everything we do is essential” MeanGrowthEconomyCenturyEssentialsApproachLowsHappeningsResourcesEconomicsConsumptionEfficiency20th CenturyTrue MeaningResource Depletion Author:Phil Harding
“Economics and a reliance on science and technology to solve our problems has led to an unsustainable situation where continued growth in consumption is required for governments and business to be considered successful. This is a form of insanity. Economics is at the heart of our destructive ways and our faith in it has blinded us” WayHeartProblemGovernmentFormGrowthSituationTechnologySuccessfulEconomicsSolveInsanityDestructiveConsumptionRelianceBlindedScience And TechnologyGovernment And BusinessContinued Growth Author:David Suzuki