It should never be forgotten that true economy did not content itself with inquiring into the mere saving of the present moment; it should take an enlarged view of the subject, and determine, on correct calculations, whether the consequence of a present saving might not be a much more considerable future expenditure.
Albert Beveridge: “It should never be forgotten that true economy did not content itself with inquiring into the mere saving of the present…”
Editor's note · Context
Marshall advocates for a broader perspective on economic decisions, warning against short-term savings that could lead to greater future costs.
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