To the extent that economic thinking is based on the market, it takes the sacredness out of life, because there can be nothing sacred in something that has a price. Not surprisingly, therefore, if economic thinking pervades the whole of society, even simple non-economic values like beauty, health, or cleanliness can survive only if they prove to be ‘economic’.
“To the extent that economic thinking is based on the market, it takes the sacredness out of life, because there can be nothing sacred in something that has a price. Not surprisingly, therefore, if economic thinking pervades the whole of society, even simple non-economic values like beauty, health, or cleanliness can survive only if they prove to be ‘economic’.”
Meaning Behind This Quote
This quote highlights how economic thinking, when focused solely on market values, diminishes the intrinsic worth of life. It suggests that when we assign prices to everything, including beauty and health, we lose sight of their true significance. The emphasis on economic value can overshadow other important aspects of life that do not have a price tag. As a result, even qualities like cleanliness and artistic beauty are only appreciated if they can be justified economically. This mindset can limit our freedom to appreciate life's non-material aspects. Ultimately, Schumacher urges us to recognize that not everything valuable can be quantified, and we must strive to preserve the sacredness of life beyond mere economic considerations.
How to Apply This Quote in Your Life
💡 Reflect: Take a moment to consider how “To the extent that economic thinking is based on t...” by Ernst F. Schumacher relates to your current situation.
📝 Journal: Write down one specific way you can embody this happiness quote today. Setting an intention makes it actionable.
🔄 Share: Inspire someone else by sharing this quote. Meaningful words multiply when passed on.