uickly, and the commodities may be said to be consumed. It is
obvious that we must use things while they are fit to be used, if we are
to use them at all.
It is evident, too, that we ought to try to get the utmost possible use
out of things which we are happy enough to possess. If an object is not
injured nor destroyed by use, as in the case of reading a book, or
looking at a picture, then the more often we use it the greater is the
utility. Such things become more useful if they are passed on from one
person to another, like books in a circulating library. In this case
there arises what we may call #the multiplication of utility#. Public
libraries, museums, picture galleries and like institutions all multiply
utility, and the cost of such institutions is little or nothing compared
with their usefulness.
When a commodity is destroyed at once by use, as in the case of food, it
is obvious that only one person can use the same portion of commodity.
Our object must then be to consume it when it is most useful. If a man
lost in the bush find himself with a short supply of food, it would be
foolish of him to eat it all up at once, when he might starve for
several days afterwards. He should spread out his supply, so as to eat
each bit of food when it will support his strength the most. So we ought
to do with the earnings of a life time. The working man should not spend
all his wages when trade is brisk, because he will want some of it much
more when trade becomes slack, and he is out of employment. Similarly,
that which is spent in early life upon mere luxuries and frivolities,
might be much more useful in old age, when even necessaries and ordinary
comforts may be difficult to obtain. #All wealth is produced in order
that it may be consumed, but then it must be consumed when it best
fulfils its purpose; that is, when it is most useful.#
#14. The Fallacy of Consumption.# It is not uncommon to hear people say
that they ought to spend money freely in order to encourage trade. If
every person were to save his money instead of spending it, trade, they
think, would languish and workmen would be out of employment.
Tradespeople favour these notions, because it is obvious that, the more
a milliner or draper can persuade his customer to buy, the more profit
he makes thereby. The customers, too, are quite inclined to think the
argument a good one, because they enjoy buying new dresses, and other
pleasant things. Nevertheless #the a
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