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Economics Quote by David Hemenway

“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

Source Article: “The Limits of Growth” in The Economist, 2022

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.

2.6 out of 5 (6 ratings)

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