What is enough? Enough is the most dangerous idea in economics @RichardJMurphy
What is enough? Enough is the most dangerous idea in economics  @RichardJMurphy
Uploaded September 2026 | Updated September 2026, 3 weeks ago
Why are we never allowed to have enough?

Modern economies constantly encourage us to want more: more possessions, more consumption, more experiences and often more debt. Advertising tells us that something is always missing and that buying it might finally make us happier.

But does having more actually improve our lives?

In this video, I ask whether there comes a point when our material needs have been met, and additional consumption adds very little to our wellbeing. Food, housing, security, meaningful work, relationships and participation in society for both work and leisure matter enormously. But once those needs are satisfied, relationships, achievement and understanding may contribute far more to a good life than accumulating still more things.

This is not an argument for accepting poverty. Quite the opposite. Millions of people do not have enough, while others consume resources on an extraordinary scale. Inequality therefore matters not just because income and wealth are distributed unequally, but because consumption is too.

And there is a limit we cannot escape: the planet itself. Human lives are finite, natural resources are finite, and unlimited material consumption is, then, impossible.

Maybe learning what “enough” means is not about giving something up. Maybe it is about discovering what actually makes life worthwhile.

Take a look at today's poll: youtube.com/post/Ugkx8mtDk7baxekxvDs8s_SUcZAOh0rb3Sk3

00:00 Why Isn’t Enough Enough?
00:57 Does Having More Make Us Happier?
01:52 Why More Consumption Has Limits
02:42 The Excess Consumption of the Ultra-Rich
03:34 When Possessions Become a Burden
04:12 Why We’re Afraid of Having Enough
04:58 Poverty, Consumption and Inequality
05:35 The Planet Cannot Sustain Unlimited Consumption
06:05 Why Enough Must Become Enough

TRANSCRIPT
A transcript for this video is available at: taxresearch.org.uk

IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO
If you want to write a letter to your MP on the issues raised in this blog post, there is a ChatGPT prompt to assist you in doing so, with full instructions, here. taxresearch.org.uk/Blog/2025/06/20/chatgpt-prompt-for-a-letter-to-your-mp

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ABOUT RICHARD MURPHY
Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’.

This video was edited by Thomas Murphy.

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INTRODUCTION: youtube.com/watch?v=HdHsRPy3060

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What is enough? Enough is the most dangerous idea in economics

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