"Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy"

This quote by Edmund Burke is highlighting the significance of spending money in order to accomplish real economy. Burke is suggesting that just economizing and avoiding spending cash is inadequate to accomplish real economy. Instead, he is suggesting that often it is required to spend money in order to accomplish true economy. This could imply investing in something that will save cash in the long run, such as investing in energy efficient appliances or buying a quality product that will last longer than a more affordable option. Burke is recommending that often it is necessary to invest money in order to accomplish real economy, and that simply avoiding investing money is not enough.