What does elmer Davis mean by qauntity prosperity?

Answer 1

Elmer Davis, a prominent American journalist and government official, coined the term "quantity prosperity" to emphasize economic growth driven by mass production and consumption. This concept suggests that a society's wealth and success are measured by the sheer volume of goods produced and consumed, rather than the quality or sustainability of those goods. Davis argued that such prosperity can lead to a focus on material accumulation over social welfare and equitable distribution of resources. In essence, quantity prosperity highlights the importance of economic metrics in assessing a nation's prosperity.