A couple quotes

I am still working on small is still beautiful by Joseph Pearce. I am not sure that I agree with everything contained therein, but there are certainly some truths and I am learning a bit about economics. Here are a couple of telling passages:

Schumacher criticized the way that conventional economists measure the "standard of living" by the amount of consumption. It is assumed that an individual who consumes more is "better off" than one who consumes less. In order to feel that we are "well of", we must consume as much as our neighbor, preferably more.

Concerning the theory that happiness = being rich (can we define happiness as having enough to be satisfied?):

At what point will people decide that they are rich enough to be happy ...? Indeed, what exactly is "enough"? Conventional economics, obsessed with perpetual growth, has no concept of "enough". On the contrary, the key word in economics is not "enough" but "more". And although there are poor societies that have too little, there are no rich societies saying that they have enough, and still less that (say-ed) that they have too much.

Indeed! More to come.

Oremus pro invicem!