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Updated: July 2, 2025
Unproductive expenditure of what was destined to be expended productively, they always characterise as a squandering of resources, and call it profusion and prodigality. The productive expenditure of that which might, without encroaching upon capital, be expended unproductively, is called saving, economy, frugality.
Levin suddenly lost his temper at these words, because at the bottom of his heart he was afraid that it was true true that he was trying to hold the balance even between communism and the familiar forms, and that this was hardly possible. "I am trying to find means of working productively for myself and for the laborers. I want to organize..." he answered hotly.
The spinning-jenny, and the skill of the cotton spinner, are not only the result of productive labour, but are themselves productively consumed. The musical instrument and the skill of the musician are equally the result of productive labour, but are themselves unproductively consumed.
There were tracts of country which could not produce cereals of an abundance and quality capable of competing with the corn imported from the provinces; but even on territories where crops could be reared productively, it was tempting to substitute for the arduous processes of sowing and reaping the cheaper and easier industry of the pasturage of flocks.
He was a New Englander by birth and by long residence, but he was also a man of the world in the true sense of the phrase; one whose ethical judgment had been broadened without being lowered; who had learned that truth, though often strenuously enforced, is never so convincing as when stated in terms of beauty; and to whom it had been revealed that to live naturally, sanely, and productively one must live humanly, with due regard to the earthly as well as to heavenly, with ease as well as earnestness of spirit, through play no less than through work, in the large resources of art, society, and humor, as well as with the ancient and well-tested rectitudes of the fathers.
The same temptation will also induce some persons to invest, in the purchase of the new stock, what they would otherwise have expended unproductively in increasing their establishments, or productively, in improving their estates. The rate of interest will rise just sufficiently to call forth an increase of lenders to the amount required.
The doctrine, then, propagated by these societies, which gentlemen think they ought to be very tender in discouraging, as nearly as possible in their own words, is as follows: That in Great Britain we are not only without a good Constitution, but that we have "no Constitution"; that, "though it is much talked about, no such thing as a Constitution exists or ever did exist, and consequently that the people have a Constitution yet to form; that since William the Conqueror the country has never yet regenerated itself, and is therefore without a Constitution; that where it cannot be produced in a visible form there is none; that a Constitution is a thing antecedent to government; and that the Constitution of a country is not the act of its government, but of a people constituting a government; that everything in the English government is the reverse of what it ought to be, and what it is said to be in England; that the right of war and peace resides in a metaphor shown at the Tower for sixpence or a shilling apiece; that it signifies not where the right resides, whether in the crown or in Parliament; war is the common harvest of those who participate in the division and expenditure of public money; that the portion of liberty enjoyed in England is just enough to enslave a country more productively than by despotism."
It was eight o'clock in the morning. We had four hours to ourselves before the sun could be productively observed. I guided our steps toward a huge bay that made a crescent-shaped incision in the granite cliffs along the beach.
Shaw, in fact, if he had written one of his most successful plays at twenty, might, so far as that play is concerned, be idle for ever afterwards, even if he lived to the age of Methuselah, and still be enjoying in royalties the product of his own exertions, though he had not exerted himself productively for some seven or eight hundred years.
Thus the vast capital accumulated the sources of which were almost entirely in the provinces and the kingdoms on the frontiers was hardly ever used productively. It never returned to the region whence it came, to be used in developing its resources; the idea of using it even in Italy for industrial undertakings was absent from the mind of the gambler.
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