“The modern economist … is used to measuring the “standard of living” by the amount of annual consumption, assuming all the time that a man who consumes more is “better off” than a man who consumes less. A Buddhist economist would consider this approach excessively irrational: since consumption is merely a means to human well-being, the aim should be to obtain the maximum of well-being with the minimum of consumption.”

— E. F. Schumacher

Buddhist Economics

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E. F. Schumacher 16

British economist 1911–1977

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“The economist’s “demand” is not the real demand; his “consumption” is an artificial consumption. For the economist, only that person really demands, only that person is a real consumer, who has an equivalent to offer for what he receives.”

Friedrich Engels (1820–1895) German social scientist, author, political theorist, and philosopher

Die Nachfrage des Ökonomen ist nicht die wirkliche Nachfrage, seine Konsumtion ist eine künstliche. Dem Ökonomen ist nur der ein wirklich Fragender, ein wirklicher Konsument, der für das, was er empfängt, ein Äquivalent zu bieten hat.
Outlines of a Critique of Political Economy (1844)

“The ownership and the consumption of goods is a means to an end, and Buddhist economics is the systematic study of how to attain given ends with the minimum means. Modern economics, on the other hand, considers consumption to be the sole end and purpose of all economic activity, taking the factors of production—labour and capital—as the means. The former, in short, tries to maximise human satisfactions by the optimal pattern of consumption, while the latter tries to maximise consumption by the optimal pattern of productive effort.”

E. F. Schumacher (1911–1977) British economist

Buddhist Economics

“We know something about billionaire consumption, but it is hard to measure some of it. Some billionaires are consuming politicians, others consume reporters, and some consume academics.”

Thomas Piketty (1971) French economist

Quoted in Chuck Collins, Nit-Picking Piketty http://inequality.org/nitpicking-piketty/ (2015).
At ASSA http://events.mediasite.com/Mediasite/Play/b6d6725ea1df49c896fc82465f732e9b1d, 01:40:27.

“The encouragement of mere consumption is no benefit to commerce; for the difficulty lies in supplying the means, not in stimulating the desire of consumption; and we have seen that production alone, furnishes those means. Thus, it is the aim of good government to stimulate production, of bad government to encourage consumption.”

Jean-Baptiste Say (1767–1832) French economist and businessman

Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter XV, p. 138

“Let us remember that animals are not mere resources for human consumption. They are splendid beings in their own right, who have evolved alongside us as co-inheritors of all the beauty and abundance of life on this planet”

Marc Bekoff (1945) American biologist

Source: Animals Matter: A Biologist Explains Why We Should Treat Animals with Compassion and Respect

“The essential measure of the success of the economy is not production and consumption at all, but the nature, extent, quality, and complexity of the total capital stock, including in this the state of the human bodies and minds included in the system. In the spaceman economy, what we are primarily concerned with is stock maintenance, and any technological change which results in the maintenance of a given total stock with a lessened throughput (that is, less production and consumption) is clearly a gain. This idea that both production and consumption are bad things rather than good things is very strange to economists, who have been obsessed with tile income-flow concepts to the exclusion, almost, of capital-stock concepts.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1960s, The Economics of the Coming Spaceship Earth, 1966, p. 9-10 as cited in: Mark W. W. McElroy, J.M.L. M. L. van van Engelen (2012) Corporate Sustainability Management.

“I do not overlook the important contributions to economic theory in the past whether orthodox or heterodox I correlate them with institutional economics. The classical and communistic economists used as their measure of value the man hour of labor. This is evidently since the incoming of scientific management the engineering economics of efficiency. The Austrian and hedonistic economists deriving from Bentham used as the measure of value the diminishing marginal utility of consumption goods. This is evidently the home economics recently introduced in the college curriculum.”

John R. Commons (1862–1945) United States institutional economist and labor historian

Source: "Institutional economics," 1936, p. 242

“From a Buddhist point of view, this is standing the truth on its head by considering goods as more important than people and consumption as more important than creative activity. It means shifting the emphasis from the worker to the product of work, that is, from the human to the sub-human, surrender to the forces of evil.”

E. F. Schumacher book A Guide for the Perplexed

A Guide for the Perplexed

“A reduction of meat consumption by only 10% would result in about 12 million more tons of grain for human consumption. This additional grain could feed all of the humans across the world who starve to death each year- about 60 million people!”

Marc Bekoff (1945) American biologist

Source: Animals Matter: A Biologist Explains Why We Should Treat Animals with Compassion and Respect

“An Afro who gets dragged into Helsinki from an African savannah pollutes no less with his conspicuous consumption than an ethnic Finn. He will probably pollute more because moving from the stone age directly into the modern world deprives him of ecological conscience typical of a western human being.”

Jussi Halla-aho (1971) Finnish Slavic linguist, blogger and a politician

Jussi Halla-aho (2007), published in the blog Scripta Hyvää kesää! http://web.archive.org/web/20070626154617/http://halla-aho.com/scripta/hyvaa_kesaa.html, June 21, 2007
2005-09

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E. F. Schumacher 16

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