It may be new to his Grace, but I beg leave to tell him that mere parsimony is not economy.
Edmund Burke: “It may be new to his Grace, but I beg leave to tell him that mere parsimony is not economy.”
Editor's note · Context
Burke critiques the misconception that mere frugality equates to true economic management.
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I think our happy situation owing to our Constitution,--but owing to the whole of it, and not to any part singly,--owing in a great measure to what we have left standing in our several reviews and reformations, as well as to what we have…
Not being illuminated with the light of which the gentlemen of France tell us they have got so abundant a share, they acted under a strong impression of the ignorance and fallibility of mankind.
They will become flatterers instead of legislators,--the instruments, not the guides of the people.
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