Even their downtime was epic.

Among this people there is no leisure class. We often forget that in the United States over half the youth and adults are not in the world earning incomes, but are making homes, learning of the world, or resting after the heat of the strife. But here ninety-six per cent are toiling; no one with leisure to turn the bare and cheerless cabin into a home, no old folks to sit beside the fire and hand down traditions of the past; little of careless happy childhood and dreaming youth.

A life of leisure never satisfies anyone who possesses a lively mind.

Like every other good thing in thisworld, leisure and culture have to be paid for. Fortunately, however,it is not the leisured and the cultured who have to pay. Let us beduly thankful for that, my dear Denis--duly thankful.

Measurement aside, there are two reasons aggregate growth might matter. The first is to create jobs to assimilate the unemployed and anticipate increases in population. The second is to improve living standards. Economic logic does not require overall expansion to achieve either of these objectives. An expanding labour force can be accommodated if hours of work fall. And it's productivity growth, rather than the overall size of the economy, that drives improvements in living standards. Getting bigger doesn't necessarily yield wealth; improving productivity does.

Most of us have no sympathy with the rich idler who spends his life in pleasure without ever doing any work. But even he fulfills a function in the life of the social organism. He sets an example of luxury that awakens in the multitude a consciousness of new needs and gives industry the incentive to fulfill them.