Posts Tagged ‘parsimony’
Theodor Adorno: Time Parsimony
on Tuesday, January 4, 2022Theodor Adorno Money Quote saying the value of time bears frugal care of both time and cash as well. Theodor Adorno said:
“If time is money, it seems moral to save time, above all one’s own, and such parsimony is excused by consideration for others. One is straight-forward” — Theodor Adorno
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In this quote, Theodor Adorno is critiquing the idea that “time is money” and the mentality it can encourage. He suggests that if one views time solely as a financial commodity to be saved and spent carefully, as money is, it can promote a selfish outlook.
Seeing time only in economic terms may lead people to excessively save their own time at the expense of others, for example by rushing through interactions or avoiding helping others to avoid using up their own limited time.
Adorno argues this type of “time parsimony” is rationalized as consideration for others, but really just serves oneself. The key message is that viewing time only as a resource to be economically managed can undermine moral and social relationships in favor of self-interest.
Birthday: September 11, 1903 – Death: August 6, 1969
Edmund Burke: Parsimony Expense
on Wednesday, June 24, 2020Edmund Burke Money Quote saying Being Miserly Does Not Make One Economical or Frugal. Large expenses may be core to being economical. Edmund Burke said:
“Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy” — Edmund Burke
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In this quote, Edmund Burke is making a distinction between mere thriftiness or “parsimony” and true “economy”. He argues that while saving money and avoiding wasteful spending are important principles of economy, large strategic investments and necessary expenses can also be crucial components of sound financial management.
Burke seems to be saying that a policy of strict cost-cutting alone does not necessarily constitute good economy – sometimes substantial outlays are required to achieve greater cost-savings or returns in the long run.
This quote suggests that economy is not just about reducing expenditures, but making balanced choices about where and how much to spend in order to maximize efficient use of resources and minimize costs over the full scope of a project or business.
Birthday: January 12, 1729 – Death: July 9, 1797