Regarding consumption and well-being
Modern economist is used to measuring the “standard of living” by the amount of annual consumption, assuming all the time that a man who consumes more is “better off” than a man who consumes less. A Buddhist economist would consider this approach excessively irrational: since consumption is merely a means to human well-being, the aim should be to obtain the maximum of well-being with the minimum of consumption.
E. F. Schumache
Regarding Silicon Valley myth
Silicon Valley myth melts before us: outrageous accumulation of wealth, techno-dictators, improper social inequalities, chronic unemployment, millions of supplementary poor and a handful of techno-oligarchs that have accumulated never matched wealth. The so predictable “new economy” gave way to an economy of domination and inequality.
Regarding the economy as space for political struggle
The economy is a territory in power dispute and, thus, a space for political struggle