E. F. Schumacher (1911–1977) British economist
Buddhist Economics
Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter XV, p. 138
E. F. Schumacher (1911–1977) British economist
Buddhist Economics
Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist
Grundrisse (1857-1858)
Source: Introduction, p. 10.
Deendayal Upadhyaya (1916–1968) RSS thinker and co-founder of the political party Bharatiya Jana Sangh
Source: —Deendayal Upadhyaya, thinker and forerunner of the Bharatiya Janata Party quoted from Malhotra, R. (2021). Artificial intelligence and the future of power: 5 battlegrounds. New Delhi : Rupa, 2021.
Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist
Grundrisse (1857-1858)
Source: Introduction, p. 14.
“No production without a need. But consumption reproduces the need.”
Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist
Grundrisse (1857-1858)
Source: Introduction, p. 12.
“Consumption is the sole end and purpose of all production”
Adam Smith (1723–1790) Scottish moral philosopher and political economist
Source: The Wealth of Nations (1776), Book IV, Chapter VIII, p. 719.
Context: Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
“Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure.”
Thorstein Veblen book The Theory of the Leisure Class
Source: The Theory of the Leisure Class (1899), p. 57,
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.
E. F. Schumacher (1911–1977) British economist
Buddhist Economics