A Quote by Adam Smith

Consumption is the sole end and purpose of all production.

Adam Smith

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Consumption End Production Purpose Sole

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Adam Smith
Scottish - Economist
June 5, 1723 - July 17, 1790

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. The maxim is so perfectly self-evident that it would be absurd to attempt to prove it. But in the mercantile system the interest of the consumer is almost constantly sacrificed to that of the producer; and it seems to consider production, and not consumption, as the ultimate end and object of all industry and commerce.

Adam Smith

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.

Adam Smith

Smith, as we have said, was not the proponent of any one class. He was a slave to his system. His whole economic philosophy stemmed from his unquestioning faith in the ability of the market to guide the system to its point of highest return. The market — that wonderful social machine — would take care of society's needs if it was left alone. "Consumption is the sole end and purpose of all production," he wrote.

Robert Heilbroner

I shall argue that it is the capital stock from which we derive satisfaction, not from the additions to it (production) or the subtractions from it (consumption): that consumption, far from being a desideratum, is a deplorable property of the capital stock which necessitates the equally deplorable activity of production: and that the objective of economic policy should not be to maximize consumption or production, but rather to minimize it, i.e. to enable us to maintain our capital stock with as little consumption or production as possible.

Kenneth E. Boulding

Consumption is also immediately production, just as in nature the consumption of the elements and chemical substances is the production of the plant.

Karl Marx

At the end of the day, that's our sole purpose and our sole reason for existing, is to love somebody else.

Nikki Reed

My end goal is not to break the record for cashing in the most. I want to be treated fair and what I feel is fair, but that's not my sole purpose; that's not my purpose.

Tyron Woodley

The effect of the post-Enlightenment project for human society is that all human activity is absorbed into labor. It becomes an unending cycle of production for the sake of consumption. The modern concept of "built-in obsolescence" makes this clear. The cycle of production and consumption has to be kept going, and the work of the artist or craftsman who aims to create something enduring becomes marginal to the economic order.

Lesslie Newbigin

We've wanted to produce more in the 19th century and the 20th century in order to give man the possibility for more dignified human life; but actually what has happened is that production and consumption have become means - have ceased to be means and have become ends, and we are production crazy and consumption crazy.

Erich Fromm

Likewise, the world of action, of politics, is reduced to a conflict of views about how to keep the cycle of production and consumption going. Questions of ultimate purpose are excluded from the public world.

Lesslie Newbigin

However it is achieved, a thorough reorganisation of production, consumption and distribution will be the end result of humanity's response to the climate emergency and the broader environmental crisis.

Walden Bello

Developed and benefited from the unsustainable patterns of production and consumption which have produced our present dilemma. It is clear that current lifestyles and consumption patterns of the affluent middle class-involving high meat intake, consumption of large amounts of frozen and convenience foods, use of fossil fuels, appliances, home and work-place air-conditioning, and suburban housing-are not sustainable. A shift is necessary toward lifestyles less geared to environmentally damaging consumption patterns.

Maurice Strong

The sole purpose of business is service. The sole purpose of advertising is explaining the service which business renders.

Leo Burnett

If the level and amount of consumption and waste of the western rich countries ever reaches the poor countries, it will mean the end of humanity. The big world corporations are busy doing it...The production, selling, consumption, accumulation, wastes' and advertisement explosions in the western rich countries and the continued population explosion in the poor countries will turn into major catastrophes.

Robert Muller

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

In the kingdom of consumption the citizen is king. A democratic monarchy: equality before consumption, fraternity in consumption, and freedom through consumption.

Raoul Vaneigem

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