Tag Archives: By Will Hutton

Having more no longer satisfies us, perhaps we’ve reached ‘peak stuff’

If having more no longer satisfies us, perhaps we’ve reached ‘peak stuff’

Sunday 31 January 2016 

Societies must learn to use economics to help provide purpose and fulfilment

stuff imageReal men don’t eat quiche. Real economists don’t ask questions about happiness. The economy pumps out goods and services, all of which create jobs and incomes. There is no value judgment in such a statement, no view of what constitutes the good life. Even to invite such a question of an economist is to risk ridicule. The task of economists – a value-free quasi-science – is to make sure that as little as possible gets in the way of turning inputs into more outputs.

But around the developed world consumers seem to be losing their appetite for more. Even goods for which there once seemed insatiable demand seem to be losing their lustre. Continue reading

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