Knowledge is power : $b A view of the productive forces of modern society and the results of labor, capital and skill.Knight, Charles
Philosophy
Knowledge is power : $b A view of the productive forces of modern society and the results of labor, capital and skill.
Knight, Charles
Industrial arts; Industries
Whatever is consumed by those who are carrying forward the business of
production has been called productive consumption. Whatever, on the
other hand, is consumed by those who are not engaged in re-producing,
has been called unproductive consumption. The difference may be thus
illustrated:--A shoemaker, we will say, rents a shop, works up leather
and other materials, uses various tools, burns out candles, and is
himself fed and clothed while in the act of producing a pair of shoes.
This is productive consumption;--for the pair of shoes represents the
value of the materials employed in them, the commodities consumed by the
shoemaker during their production, and the wear and tear of the tools
applied in making them. If the shoes represent a higher value than what
has been consumed, in consequence of the productiveness of the labour of
the shoemaker, the difference is net produce, which may be saved, and,
with other savings, become capital. But further:--The shoemaker, we will
suppose, accumulates profits sufficient to enable him to live without
making shoes, or applying himself to any other branch of industry. He
now uses no materials, he employs no tools, but he consumes for the
support and enjoyment of existence, without adding anything to the gross
produce of society; this is called unproductive consumption.
The differences, however, between productive and unproductive
consumption admit of considerable qualification. We have already
described the course of a spendthrift, and of a man of fortune who lives
virtuously and economically.[33] Whatever may be the scientific
definition, no one can say that these, even viewed from the industrial
point, can be classed together as unproductive consumers. Productive
consumption, according to the strict definition of the earlier
economists, is consumption directly applied to the creation of some
material product. But a new element was introduced into the question by
Mr. Mill's definition--that labour and expenditure are also productive,
"which, without having for their direct object the creation of any
useful natural product, or bodily or mental faculty or quality, yet lead
indirectly to promote one or other of those ends." On the other hand,
unproductive consumption consists of labour and expenditure exerted or
incurred "uselessly, or in pure waste, and yielding neither direct
enjoyment nor permanent sources of enjoyment."
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account