E. F. Schumacher, Small is Beautiful: A Study of Economics As If People Mattered (1973).
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Since consumption is merely a means to human well-being, the aim should be to obtain the maximum of well-being with the minimum of consumption.
— E. F. Schumacher on Consumption (economics)
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Since consumption is merely a means to human well-being, the aim should be to obtain the maximum of well-being with the minimum of consumption." in the context of "E. F. Schumacher, Small is Beautiful: A Study of Economics As If People Mattered (1973)." to mean that wisdom is timeless.
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Source: Wikiquote: "Consumption (economics)" (S)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
About E. F. Schumacher
Ernst Friedrich "Fritz" Schumacher (16 August 1911 – 4 September 1977) was an internationally influential economic thinker with a professional background as a statistician and economist in Britain. He served as Chief Economic Advisor to the UK National Coal Board for two decades.
About E. F. Schumacher
Ernst Friedrich "Fritz" Schumacher (16 August 1911 – 4 September 1977) was an internationally influential economic thinker with a professional background as a statistician and economist in Britain. He served as Chief Economic Advisor to the UK National Coal Board for two decades.
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