"Economists are coming to acknowledge that measures of national wealth and poverty in terms strictly of average income tell you little that is significant of the health or viability of a society"
About this Quote
The target is the seductive simplicity of averages. “Average income” flatters policymakers because it compresses messy lives into a single, publishable number. Williams insists that this compression isn’t merely incomplete; it’s actively misleading about “health” and “viability,” words imported from biology and ecology. A society can post impressive growth and still be brittle - hollowed out by inequality, underfunded care, or the quiet erosion of trust and belonging. The subtext is pastoral: human flourishing is not an accounting identity.
Context matters: Williams, formed by late-20th-century Britain’s fights over privatization, inequality, and the shrinking welfare state, is speaking into an era where GDP and headline income were treated as secular sacraments. His phrasing doesn’t offer an alternative metric; it pressures the listener to admit that what counts is already a political choice. The intent is to move the debate from “How much?” to “For whom, at what cost, and to what end?” That’s the clerical intervention: reintroducing judgment where technocracy prefers neutrality.
Quote Details
| Topic | Wealth |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Williams, Rowan D. (2026, January 15). Economists are coming to acknowledge that measures of national wealth and poverty in terms strictly of average income tell you little that is significant of the health or viability of a society. FixQuotes. https://fixquotes.com/quotes/economists-are-coming-to-acknowledge-that-121303/
Chicago Style
Williams, Rowan D. "Economists are coming to acknowledge that measures of national wealth and poverty in terms strictly of average income tell you little that is significant of the health or viability of a society." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/economists-are-coming-to-acknowledge-that-121303/.
MLA Style (9th ed.)
"Economists are coming to acknowledge that measures of national wealth and poverty in terms strictly of average income tell you little that is significant of the health or viability of a society." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/economists-are-coming-to-acknowledge-that-121303/. Accessed 12 Feb. 2026.









