Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.
About this quote
- What does it mean?
- True economy is not just saving money but spending wisely where needed.
- In plain terms
- Spending a lot can be part of being economical.
- What can you take from it?
- Focus on value, not just low cost.
Where it applies
Putting it to work
Questions to consider
- When is expensive actually cheap?
- How do you define economy?
Another view
Spending heavily can still be wasteful if not effective.
More from Edmund Burke
Under the pressure of the cares and sorrows of our mortal condition, men have at all times, and in all countries, called in some physical aid to their moral co…
Permalink to quote #34 Economy is a distributive virtue, and consists not in saving but selection. Parsimony requires no providence, no sagacity, no powers of combination, no compari…
Permalink to quote #36 And having looked to Government for bread, on the very first scarcity they will turn and bite the hand that fed them.
Permalink to quote #33
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