There can be no greater error then in supposing that…
“There can be no greater error then in supposing that capital is increased by non-consumption.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
He warns that assuming capital grows without consumption is a fundamental mistake.
In simple terms: Assuming capital rises without consumption is wrong.
Beware of unrealistic economic assumptions.
Themes
Mood
Type
When to use this quote
- policy making
- financial planning
- educational curricula
Key Concepts
Questions to Reflect On
- How does consumption affect capital?
- What policies prevent this error?
The view may overlook cases where capital can increase via savings.