jam today

Language: en

Meaning: (idiomatic,economics)Theavailabilityof aresourceat the present date.1974, Lawrence H. Officer, Lawrence Berk Smith,Issues in Canadian Economics, McGraw-Hill Ryerson, page336:The consumption-possibilities curve illustrates the choice which must be made: morejam todaymeans less jam tomorrow; lessjam todaymeans more jam tomorrow.1985, Phillip Crowson,Economics for Managers: A Professionals’ Guide, 3rd edition, Macmillan Press, page26:A basic human characteristic is the preference for consumption today over consumption tomorrow.Jam todayis always better than jam tomorrow, unless sufficient incentive is offered to forgo the immediate enjoyment oftoday's jam. This is not because of uncertainty about the likely receipt of tomorrow's jam, but merely a property of the passage of time.1985,Joel Mokyr,The Economics of the Industrial Revolution, Rowman & Littlefield Publishers, page216:For one-period optimization, the obvious course of action to maximize consumption is to consume the whole of output by “eating up” the capital stock. The inapplicability of this tactic to an industrializing nation is transparent—it gets a lot ofjamfortodaybut leaves little for tomorrow.Jam todayhas therefore to be balanced against jam tomorrow.

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