Kenneth Boulding Quotes

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A somewhat casual observer from outer space might well deduce that the course of evolution in this planet had produced a species of large four-wheeled bugs with detachable brains; peculiar animals which rested when they sent their brains away from them but performed in rather predictable manner when their brains were recalled.

Kenneth Boulding
Justification, in terms of the broadening of freedom, for any particular form of institution of property must be argued in terms of whether the losses caused by the restrictions imposed are greater or less than the gains derived from the elimination of costly conflict.

Kenneth Boulding
[There will be movement toward] behavioral economics... [which] involves study of those aspects of men's images, or cognitive and affective structures that are more relevant to economic decisions.

Kenneth Boulding
[In science any model depends on a pre-chosen taxonomy] a set of classifications into which we divide the enormous complexity of the real world... Land, labor, and capital are extremely heterogeneous aggregates, not much better than earth, air, fire, and water.

Kenneth Boulding
The organization of science into disciplines sets up a series of ghettos with remarkable distances of artificial social space between them.

Kenneth Boulding
One can even go beyond know-what into know-whether. This involves the evaluative structure of the human mind which enables us to make decisions and choices among different images of the future. Human behavior cannot be explained without this further development in the hierarchy that starts with simple information. This actually goes back a long way in evolution. Even the amoeba knows whether to absorb a piece of grit or a piece of food.

Kenneth Boulding
Economic progress... means the discovery and application of better ways of doing things to satisfy our wants. The piping of water to a household that previously dragged it from a well, the growing of two blades of grass where one grew before, the development of a power loom that enables one man to weave ten times as much as he could before, the use of steam power and electric power instead of horse or human power — all these things clearly represent economic progress.

Kenneth Boulding
The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital in the occupation in question; that is, at the rate which the entrepreneur could obtain in other investments

Kenneth Boulding
Equilibrium is a figment of the human imagination.

Kenneth Boulding
The ability to work with systems of general equilibrium is perhaps one of the most important skills of the economist — a skill which he shares with many other scientists, but in which he has perhaps a certain comparative advantage.

Kenneth Boulding
There are only two things we know about the future. One is where and when eclipses will take place and the other is that a kitten will never grow up into a rhinoceros.

Kenneth Boulding
We all, or nearly all, consent If wages rise by ten per cent It puts a choice before the nation Of unemployment or inflation.

Kenneth Boulding
The use of isoquants to describe the production function did not develop to any great extent until the thirties.

Kenneth Boulding
There is reason for this shift of emphasis from any actual price to a hypothetical 'equilibrium' price. It is usually more interesting to know where a train is going than to know exactly where it is at any moment. The 'equilibrium' position of any price, wage, firm, industry, or system is the position toward which it is tending. The importance of equilibrium analysis, then, is that it enables us to discuss the directions of change. If a train is in New- York and its 'equilibrium' position is in Chicago, we are reasonably confident that the general direction of its motion will be westward, even if it unaccountably decides to travel north for the first hundred and fifty miles.

Kenneth Boulding
Knowledge is not something which exists and grows in the abstract. It is a function of human organisms and of social organization. Knowledge, that is to say, is always what somebody knows: the most perfect transcript of knowledge in writing is not knowledge if nobody knows it. Knowledge however grows by the receipt of meaningful information - that is, by the intake of messages by a knower which are capable of reorganising his knowledge.

Kenneth Boulding
We can think of history as a kind of layer cake in which a number of different layers run side by side through time, each with a dynamic of its own, and yet each from time to time profoundly penetrating and interacting with others.

Kenneth Boulding
Humble, honest, ignorance is one of the finest flowers of the human spirit

Kenneth Boulding
[In this auction we may expect the article to be sold to] the most eager buyer at a price which is just about the highest he is willing to pay, for in this case the most eager buyer does not know what prices the other buyers are willing to give [and] … each buyer fear that someone may slip in ahead of him.

Kenneth Boulding
If we saw tomorrow's newspaper today, tomorrow would never happen.

Kenneth Boulding
... the perception of potential threats to survival may be much more important in determining behavior than the perceptions of potential profits, so that profit maximization is not really the driving force. It is fear of loss rather than hope of gain that limits our behavior

Kenneth Boulding