"Science AMA Series: Stephen Hawking AMA Answers!", reddit.com (8 October 2015) https://www.reddit.com/r/science/comments/3nyn5i/science_ama_series_stephen_hawking_ama_answers/cvsdmkv/; also quoted in "Stephen Hawking Says We Should Really Be Scared Of Capitalism, Not Robots" Huffington Post (8 October 2015) http://www.huffingtonpost.com/entry/stephen-hawking-capitalism-robots_us_5616c20ce4b0dbb8000d9f15
“By fashion and built-in obsolescence the economies of machine production, instead of producing leisure and durable wealth, are duly cancelled out by the mandatory consumption on an even larger scale.”
Myth of Megalopolis <!-- p. 545 -->
The City in History (1961)
Context: Unfortunately, once an economy is geared to expansion, the means rapidly turn into an end and "the going becomes the goal." Even more unfortunately, the industries that are favored by such expansion must, to maintain their output, be devoted to goods that are readily consumable either by their nature, or because they are so shoddily fabricated that they must soon be replaced. By fashion and built-in obsolescence the economies of machine production, instead of producing leisure and durable wealth, are duly cancelled out by the mandatory consumption on an even larger scale.
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Lewis Mumford 75
American historian, sociologist, philosopher of technology,… 1895–1990Related quotes
Grundrisse (1857-1858)
Source: Introduction, p. 14.
Part 2, Chapter 9, Reproduction (for Economists), p. 114 (Case as per text.)
Economics For Everyone (2008)
Walter W. Powell and Kaisa Snellman. "The knowledge economy." Annu. Rev. Sociol. 30 (2004): 199-220.
As spoken at Space Coast 1987 speaking about the Harvard Mark I computer. The Computer was originally She in reference to the Mark I.
“Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure.”
Source: The Theory of the Leisure Class (1899), p. 57,
Grundrisse (1857-1858)
Source: Introduction, p. 10.
Source: "The limitations of scientific method in economics", 1924, p. 129 (2009 edition)
“Patient plodding produces durable results.”
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