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Economists are behavioural psychologists, but they think…

“Economists are behavioural psychologists, but they think more is better; they want to make everyone richer. They should pause. More's not necessarily better” quote by David Hemenway
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“Economists are behavioural psychologists, but they think more is better; they want to make everyone richer. They should pause. More's not necessarily better”

David Hemenway

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

More is not always better; pursuing endless expansion can ignore diminishing returns and societal costs.

In simple terms: More isn’t always better.

Key Takeaway

Prioritize quality over quantity.

Themes

growth economics behavioral science

Mood

critical analytical

Type

philosophical inspirational

When to use this quote

  • budget planning
  • public health initiatives
  • investment decisions
  • environmental regulation

Key Concepts

diminishing returns policy making

Questions to Reflect On

  • What are the hidden costs of growth?
  • How can we measure “enough”?
A Different Perspective

Ignoring qualitative impacts can lead to unsustainable policies.

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