Economy is a distributive virtue, and consists not in saving but selection. Parsimony requires no providence, no sagacity, no powers of combination, no comparison, no judgment.
About this quote
- What does it mean?
- Economy is about choosing well, not just saving. It requires judgment and skill.
- In plain terms
- True economy means selecting wisely, not just cutting costs.
- What can you take from it?
- Focus on smart choices, not just saving.
Where it applies
Putting it to work
Questions to consider
- Is saving always wise?
- What makes a choice economical?
Another view
Sometimes saving is necessary for survival.
More from Edmund Burke
Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.
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