On the whole it may be observed, that the specific use of…
“On the whole it may be observed, that the specific use of a body of unproductive consumers, is to give encouragement to wealth by maintaining such a balance between produce and consumption as will give the greatest exchangeable value to the results of the national industry.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
It argues that a surplus of non‑productive consumers stabilizes wealth by balancing production and consumption, maximizing the market value of national output.
In simple terms: Surplus consumers boost economic value.
Key Takeaway
Balance of production and consumption drives wealth.
Themes
economics
wealth distribution
consumer behavior
national industry
value theory
Mood
analytical
critical
Type
theoretical
economic
When to use this quote
- policy planning
- industrial strategy
- economic forecasting
Key Concepts
exchangeable value
production-consumption equilibrium
Practical Applications
- macroeconomic modeling
- public policy design
Questions to Reflect On
- How does consumer surplus affect national wealth?
- Can this balance be sustained in modern economies?