Lecture 8 - General Standards of Consumptions

Introduction

Happy Medium between Parsimony & Extravagance

8.1 Too much or too little of consumptions; self vs social spending

Evil of Luxury & Extravagance

8.2 Good & Bad examples and consequence

8.3 Luxury life is allowed with a condition

Evil of Parsimony

8.4 Evil of parsimony

8.5 Some final thoughts