Material welfare

Definition and stakes

Portrait of W. H. Mallock W. H. Mallock,  Aristocracy & Evolution

“ For those, therefore, who regard the material welfare of a community as the test and basis of its welfare in all other ways, the abiding social problem is always this: how to adjust circumstances in such a way that the smallest possible number of these potentially great wealth-producers may be wasted, and the largest possible number may be induced to exert themselves to the utmost. ”
Source: Gutenberg

Geo. T. Fairchild,  Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm Life

“ Production extended.—In all these three directions, or in any combination of them, transporting, transforming and transmuting materials, men seek the production of a supply for meeting anticipated wants, and so contribute directly or indirectly to welfare. No one way of producing what men need, where they need it, and when they need it, has any superior claim to the name production. All are making the material yield up welfare to the one who needs it, and produce wealth just so far as their services are necessary in bringing the welfare. ”
Source: Gutenberg

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