Wherefore the mere practical architect is not able to assign sufficient reasons for the forms he adopts; and the theoretic architect also fails, grasping the shadow instead of the substance.
VitruviusRead
Economy consists in a due and proper application of the means afforded according to the ability of the employer and the situation chosen; care being taken that the expenditure is prudently conducted.
Interpretation
Economy is about wisely using resources based on circumstances and capabilities.
This quote by Vitruvius emphasizes the importance of effectively utilizing available resources in accordance with the abilities of the employer and the specific situation at hand. It suggests that careful management and prudent spending are essential for achieving economic efficiency and success.
In practice
This quote can be used in a business meeting to discuss budget allocations.
Wherefore the mere practical architect is not able to assign sufficient reasons for the forms he adopts; and the theoretic architect also fails, grasping the shadow instead of the substance.
Economics has been incurably growth-oriented and addicted to everybody growing richer, even at the cost of exhaustion of resources and pollution of the environment.
I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.
I'm of those who believe that excesses in all matters are not a good idea, whether it's formation of bubbles, whether it's excess in the financial market, whether it's excess of inequality, it has to be watched, it has to be measured, and it has to be anticipated in terms of consequences.
Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.
That's why the American Recovery & Reinvestment Plan won't just throw money at our problems, we'll invest in what works
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