From Cambridge to Eternity: “It’s the Demand Side”
By providence, we human beings cannot stay on Earth for long or short without consuming utilities of various kinds and that periodically. By nature, on the other hand, our desires for “conveniences” and “luxuries” are unlimited and consequentially keep us hard-wired with self-interest. We are always hungry for utilities as defined in our dictionary; the word saturation to “stagnation” is not in our dictionary. One of the boundary conditions of life is that the time ante Eternity is limited to 125 years at the longest. All in all, we shall try to save time in fulfilling our demand for utilities of unlimited kinds. Making, producing or constructing a thing of no use, real or nominal, must be a genuine “waste of time,” one of the Original Sins: “Homo Sapience, thou shalt not be prodigal on thy time in Here.” The Smithean Maxim . Quoting Adam Smith, the Harvard economist Gregory Mankiw says, “Consumpti...