We are faced then with a community or household which has certain wants
that need to be supplied. The individual members of the community are
justified, within the limits of general well-being,[67] in deciding what
are their own wants and how to satisfy them. They claim the right to
_demand_, as the economists put it, the goods and services they require,
bread and cheese, poetry, tobacco, motor-bicycles, china ornaments. In
order to meet those demands, which are stable in essentials but subject
to constant modification in detail, there is ceaseless activity,
rivalry, competition, on the part of the purveyors--on the side of what
economists call _supply_. The business of housekeeping, or what is
called the economic process, is that of bringing this demand and this
supply into relation with one another. If the members of the household
said they wanted to eat the moon instead of sugar, their demand would
not be an economic demand: for no housekeeper could satisfy it.
Similarly on the supply side: if the baker insisted on bringing round
bad epics instead of bread and the grocer bad sonatas instead of sugar,
the supply, however good it might seem to the baker and the grocer, and
however much satisfaction they might personally have derived from their
work, would not be an economic supply: for the housekeeper, acting on
behalf of the household, would not take it in. But if the demand was for
something not yet available, but less impossibly remote than the moon,
the housekeeper might persuade the purveyors to cudgel their brains till
they had met the need. For, as we know, Necessity, which is another word
for Demand, is the mother of invention. Similarly, if a purveyor
supplied something undreamed of by the household, but otherwise good of
its kind, he might succeed in persuading the household to like it--in
other words, in creating a demand. The late Sir Alfred Jones, by putting
bananas cheap on the market, persuaded us that we liked them. Similarly
Mr. Marvin, who deals in something better than bananas, has persuaded us
all to come here, though most of us would never have thought of it
unless he had created the demand in us.
Public-domain text, read in full here on John Shaqi.
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