“Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.” IfsWayNeedsShouldDoeEndsProblemRunningOpportunityGrowthResultsGreaterFailingHigherCostSucceedIncreaseOriginalsFinalsPopulationDuesIncomeConsumptionNew WaysBetter OffInventorShortageScarcity Author:Julian Simon
“The result of a public that has a very high consumption rate and turnover rate is people listen to more music but spend less time with individual bits of music. It's made me more likely to put things up quickly and treat it more like a magazine instead of a novel.” PeopleMadeIndividualBitsResultsNovelTreatsRateMagazinesConsumptionTurnover Author:Trent Reznor
“I have always been very much involved in the pseudo biological cycle of production, consumption and destruction. And for a long time, I have been anguished by the fact that one of its most conspicuous material results is the flooding of our world with junk and rejected odd objects.” WorldLongHas BeensArtFactsResultsObjectsMaterialsInvolvedLong TimeDestructionProductionsOddCyclesOur WorldConsumptionRejectedJunkPseudoFloodingContemporary Art Author:Arman
“On the whole it may be observed, that the specific use of a body of unproductive consumers, is to give encouragement to wealth by maintaining such a balance between produce and consumption as will give the greatest exchangeable value to the results of the national industry.” GivingMayWholeUseBodyValuesWealthResultsProduceIndustryBalanceEncouragementConsumersConsumptionMaintainingUnproductive Book:The Works of Thomas Robert Malthus: Principles of political economy. Part 2 Source: The Works of Thomas Robert Malthus: Principles of political economy. Part 2
“Thanksgiving is a typically American holiday. In spite of its religious form (giving thanks to God for a good harvest), its essential, secular meaning is a celebration of successful production. It is a producers’ holiday. The lavish meal is a symbol of the fact that abundant consumption is the result and reward of production. Abundance is (or was and ought to be) America’s pride-just as it is the pride of American parents that their children need never know starvation.” KnowsNeedsGivingChildrenFactsAmericaFormParentReligiousResultsSuccessfulPrideOughtEssentialsRewardsProductionsProducersThanksSymbolsMealsAbundanceSpiteHolidayCelebrationConsumptionSecularHarvestStarvation Author:Ayn Rand
“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