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”
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.
Prioritize quality over quantity.
Themes
Mood
Type
When to use this quote
- budget planning
- public health initiatives
- investment decisions
- environmental regulation
Key Concepts
Questions to Reflect On
- What are the hidden costs of growth?
- How can we measure “enough”?
Ignoring qualitative impacts can lead to unsustainable policies.