ANARCHISM (from the Gr. , and , contrary to authority), the name given to a principle or theory of life and conduct under which society is conceived without government harmony in such a society being obtained, not by submission to law, or by obedience to any authority, but by free agreements concluded between the various groups, territorial and professional, freely constituted for the sake of production and consumption, as also for the satisfaction of the infinite variety of needs and aspirations of a civilized being.
Apart from their work and production, households perform other important economic functions. Most consumption occurs within the household. ...In developed capitalist economies, private consumption spending accounts for half or more of GDP.jim stanford
...where are we to look for the consumption required but among the unproductive labourers of Adam Smith?...thomas malthus
The employment of the poor in roads and public works, and a tendency among landlords and persons of property to build, to improve and beautify their grounds, and to employ workmen and menial servants, are the means most within our power and most directly calculated to remedy the evils arising from that disturbance in the balance of produce and consumption.thomas malthus
Incarcerating people for their [drug] consumption choices has the consistency of arresting a survivor of suicide for attempted murder.ilana mercer
Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure.thorstein veblen
Thus, it is the aim of good government to stimulate production, of bad government to encourage consumption.jean-baptiste say
A nation or an individual, will do wisely to direct consumption chiefly to those articles, that are longest time in wearing out, and the most frequently in use.jean-baptiste say
The government has, in all countries, a vast influence, in determining the character of the national consumption; not only because it absolutely directs the consumption of the state itself, but because a great proportion of the consumption of individuals is gained by its will and example.jean-baptiste say
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.paul a. baran
The process of consumption ... is the final act in the economic dramakenneth boulding
For forty years or so this was the world headquarters of conspicuous consumption.Bill Bryson
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.Lewis Mumford
One of the strangest disparities of history lies between the sense of abundance felt by older and simpler societies and the sense of scarcity felt by the ostensibly richer societies of today. Charles Péguy has referred to modern man’s feeling of “slow economic strangulation,” his sense of never having enough to meet the requirement which his pattern of life imposes on him. Standards of consumption which he cannot meet, and which he does not need to meet, come virtually in the guise of duties.richard weaver
...where are we to look for the consumption required but among the unproductive labourers of Adam Smith?...
Basically, GDP is a concept of value added. It is the sum of gross value added of all resident producer units (institutional sectors or, alternatively, industries) plus that part (possibly the total) of taxes, less subsidies, on products which is not included in the valuation of output. Gross value added is the difference between output and intermediate consumption.
Macroeconomics deals with national aggregates like gross national product, employment, price levels, consumption and investment, money supply and demand, balance of payments, and so on.
'T is just like a summer bird-cage in a garden, the birds that are without despair to get in, and the birds that are within despair and are in a consumption for fear they shall never get out. 2john davies
Thanksgiving is a typically American holiday...The lavish meal is a symbol of the fact that abundant consumption is the result and reward of production .
...and now of mere consumption, dragged along as an appendage of the process of material production, without autonomy or substance of its own...
A quarter of America is a dramatic , tense , violent country , exploding with contradictions, full of brutal , physiological vitality , and that is the America that I have really loved and love . But a good half of it is a country of boredom , emptiness , monotony , brainless production , and brainless consumption , and this is the American inferno .
consumption is the sole end and purpose of all production.Adam Smith
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