A Quote by Kurt Bills
The reality is that we are all economists. We all deal with scarcity as we make choices and calculate how to ration various items and resources that we consume, produce and utilize.
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Since scarcity is the basic economic problem, if it does not exist then there is no reason for my economics course. Devoting time to the study of how people use limited resources to fulfill unlimited wants and needs should help us to discover how to best utilize the resources we have at our disposal.
Economists use the word consume to mean "utilize economic goods," but the Shorter Oxford Dictionary's definition is more appropriate to ecologists: "To make away with or destroy; to waste or to squander; to use up." The economies that cater to the global consumer society are responsible for the lion's share of the damage that humans have inflicted on common global resources.
People who are rich find it hard to understand the behavior of poor people. Economists are no exception, for they, too, find it difficult to comprehend the preferences and scarcity constraints that determine the choices that poor people make.
One of the most important features of our economic resources is their scarcity: land, labor, and capital goods factors are all scarce, and may all be put to various possible uses. The free market uses them 'productively' because the producers are guided, on the market, to produce what the consumers most need: automobiles, for example, rather than buggies.
Part of what is wrong with our society, and hence with ourselves, is that we consume images, we don't produce them. We need to produce, not consume, media.
Economists often define their discipline as "the allocation of scarce resources among competing ends." But when resources or money really become scarce, economists call it a crisis and say that it's a question for politicians, not their own department.
How I wish we could all see the cost of our choices as clearly as a price tag on items in a store. If I know how much something is going to cost me, I make much wiser choices. But we have an enemy who schemes against us to keep the cost of dumb decisions concealed until it's too late.
Granted, we need to have a sound immigration policy that allows people into our country who are going to produce more than they are going to consume, but the bottom line is illegal aliens consume far more of our tax resources than they generate.
For too long we have tried to consume our
way to prosperity. Look at the cost: polluted
lands and oceans, climate change, growing
scarcity of resources from food to land to fresh
water, rampant inequality. We need to invent a
new model; a model that offers growth and social inclusion... that is more respectful of the
planet's finite resources. Nature has been kind
to human beings, but we have not been kind to
nature.
Sometimes, when you grow up in one of these poverty-stricken neighborhoods where the educational system isn't the best, you don't realize that you have any choices. Often, kids don't appreciate the choices available, as if it's either the street or nothing. I want them to understand that reality is what's relative to you, and that you can make choices that allow you to create a new reality for yourself.
Mindful consumption is the object of this precept. We are what we consume. If we look deeply into the items that we consume every day, we will come to know our own nature very well. We have to eat, drink, consume, but if we do it unmindfully, we may destroy our bodies and our consciousness, showing ingratitude toward our ancestors, our parents, and future generations.
We need to make growth greener, to make our economic and environmental policies more compatible and even mutually-reinforcing. This is not just a matter of new technologies or new sources of renewable, safe energy. It is about how we all behave every day of our lives, what we eat, what we drink, what we recycle, re-use, repair, how we produce and how we consume
Dharma Bums refusing to subscribe to the general demand that they consume production and therefore have to work for the privilege of consuming, all that cramp they didn't really want anyway such as refrigerators, TV sets, cars, at least new fancy cars, certain hair oils and deodorants and general junk you finally always see a week later in the garbage anyway, all of them imprisoned in a system of work, produce, consume, work, produce, consume.
The picture is not a documentary, ... It's a drama that has to be crafted. Reality is not art. You have to make choices when you're trying to make something work. And the choices we make I think are accurate. There aren't any lies in it. There are assumpt
What a country wants to make it richer is never consumption, but production. Where there is the latter, we may be sure that there is no want of the former. To produce, implies that the producer de_sires to consume; why else should he give himself useless labor? He may not wish to consume what he himself produces, but his motive for producing and selling is the desire to buy. Therefore, if the producers generally produce and sell more and more, they certainly also buy more and more.
Character determines how we lead our lives, how we deal with life's unearned fortunes and misfortunes and how we make choices that determine how those fortunes and misfortunes work to make us what we become.
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