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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

  • budgeting
  • resource management
  • policy

Putting it to work

  • evaluate needs before spending
  • plan with insight

Questions to consider

  • Is saving always wise?
  • What makes a choice economical?

Another view

Sometimes saving is necessary for survival.

More from Edmund Burke

  1. Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.

    Permalink to quote #35
  2. I would rather sleep in the southern corner of a little country churchyard, than in the tombs of the Capulets.

    Permalink to quote #37
  3. 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

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