Kenneth E. Boulding: Trending quotes (page 2)

“It is almost as hard to define mathematics as it is to define economics, and one is tempted to fall back on the famous old definition attributed to Jacob Viner, “Economics is what economists do,” and say that mathematics is what mathematicians do. A large part of mathematics deals with the formal relations of quantities or numbers.”

Kenneth E. Boulding

Source: 1970s, Economics As a Science, 1970, p. 97

Mathematics , Parting

“Communication can only take place among equals.”

Kenneth E. Boulding

Source: 1970s, Toward a General Social Science, 1974, p. 240

Communication

“Nations are divided into "good"and "bad"-the enemy is all bad, one's own nation is of spotless virtue. Wars are either acts of God or acts of the other nations, which always catch us completely by surprise. To a student of international systems the national image even of respectable, intellectual, and powerful people seems naive and untrue. The patriotism of the sophisticated cannot be a simple faith. There is, however, in the course of human history a powerful and probably irreversible movement toward sophistication. We can wise up, but we cannot wise down, except at enormous cost in the breakdown of civilizations, and not even a major breakdown results in much loss of knowledge.”

Kenneth E. Boulding

Source: 1950s, National images and international systems, 1959, p. 131

God , War , People , Faith

“The ultimate "causes of price" - to use a Classical term - lie deeply embedded in the psychology and techniques of mankind and his environment, and are as manifold as the sands of the sea. All economic analysis is an attempt to classify these manifold causes, to sort them out into categories of discourse that our limited minds can handle, and so to perceive the unity of structural relationship which both unites and separates the manifoldness. Our concepts of "" and "supply" are such broad categories. In whatever sense they are used, they are not ultimate determinants of anything, but they are convenient channels through which we can classify and describe the effects of the multitude of determinants of the system of economic magnitude.”

Kenneth E. Boulding

Kenneth Boulding (1944) " A Liquidity Preference Theory of Market Prices http://cas.umkc.edu/econ/economics/faculty/wray/631Wray/Week%207/Boulding.pdf". In: Economica, New Series, Vol. 11, No. 42 (May, 1944), pp. 55-63.
C. Brown (2003) " Toward a reconcilement of endogenous money and liquidity preference http://www.clt.astate.edu/crbrown/brownjpke.pdf" in: Journal of Post Keynesian Economics. Winter 2003–4, Vol. 26, No. 2. 323 commented on this article, saying: "Boulding (1944) argued that if liquidity preference were divorced from the "demand for money," the former could come into its own as a theory of financial asset pricing. According to this view, rising liquidity preference or a "wave of bearish sentiment" is manifest in a shift from certain asset categories, specifically, those that are characterized by high capital uncertainty (that is, uncertainty about the future value of the asset as a result of market revaluation) to assets such as commercial paper or giltedged securities."
1940s

Lie , Sense , Sea

“The concept of a value-free science is absurd.”

Kenneth E. Boulding

Source: 1960s, Economics As A Moral Science, 1969, p. 4 cited in: John B. Davis (2011)

Science

“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 E. Boulding

Kenneth Boulding (1951) in: The impact of the Union: eight economic theorists evaluate the labor union movement. John Maurice Clark & David McCord Wright eds.
1950s

“Integrative power [is] the ultimate power”

Kenneth E. Boulding

Source: 1980s, Three Faces of Power, 1989, p. 109

“A firm may be defined as an institution which buys things, transforms them in some way, and then sells them with the purpose of making a profit. The things a firm buys we shall call "inputs." The things it sells we shall call "outputs." The process whereby the things it buys are transformed into the things it sells we shall call the "process of production." In any process of buying to sell again a process of production is always involved…
A business, therefore, is a process whereby certain inputs, valued in dollars in some way, are transformed into outputs, also valued in dollars in some way.”

Kenneth E. Boulding

Source: 1940s, Economic Analysis, 1941, p. 377

Way , Business

“Accounting for the most part, remains a legalistic and traditional practice, almost immune to self-criticism by scientific methods.”

Kenneth E. Boulding

Kenneth Boulding (1958, p. 95) as cited in: Edward Stamp, Michael J. Mumford, Ken V. Peasnell (1993) Philosophical Perspectives on Accounting. p. 147
1950s

Parting

“The human being, on the other hand, is firmly located in a temporal process. He has an image of the past which extends back far beyond the limits of his own life and experience, and he likewise has an image of the future. Closely associated with the time structure of his image is the image of the structure of relationships. Because we are aware of time, we are also aware of cause and effect, of contiguity and succession, of cycles and repetition. The image of man is also characterized by a much greater degree of self-consciousness and of self-awareness than that of the lower animals. We not only know, but we know that we know. This reflective character of the human image is unique, and is what leads to philosophy.”

Kenneth E. Boulding

Source: 1950s, The Image: Knowledge in Life and Society, 1956, p. 25

Life , Time , Success , Past

“Equilibrium is a figment of the human imagination.”

Kenneth E. Boulding

Source: 1970s, Toward a General Social Science, 1974, p. 29

Imagination

“[if the automobile is replaced by public trans port] the social structure of cities will revert to the ecological pattern of 1880.”

Kenneth E. Boulding

Source: 1970s, Toward a General Social Science, 1974, p. 257 as cited in D.S. Houghton, B.J. Shaw (1982) "The city in an era of restricted car usage: Some further observations and policy responses". In: Geoforum. Vol 13, Issue 1, p. 19–25,

“It is important to realize that the exercise of any skill depends on the ability to create an abstract system of some kind out of the totality of the world around us. For instance, the carpenter is not interested in wood as a biological or chemical entity. He is sensitive to many of its grosser physical properties but not to many subtler ones. The wood of a carpenter is not the real — that is, the complete substance — but merely wood as a material on which the carpenter can exercise his skill.”

Kenneth E. Boulding

Source: 1950s, The Skills of the Economist, 1958, p. 9

World , Exercises , Dependency

“The concept of need is often looked upon rather unfavorably by economists, in contrast with the concept of demand. Both, however, have their own strengths and weaknesses. The need concept is criticized as being too mechanical, as denying the autonomy and individuality of the human person, and as implying that the human being is a machine which "needs" fuel in the shape of food, engine dope in the shape of medicine, and spare parts provided by the surgeon.”

Kenneth E. Boulding

Kenneth Boulding (1967) "The Concept of Need for Health Services" in: The Milbank Memorial Fund Quarterly. Vol. 44, No. 4, Part 2, pp. 202
1960s

Food , Parting , Personality

“This concept of capital-rebuilding is so important that it may be desirable to digress for a moment. In the broadest sense of the word, capital means the sum total of the valuable things possessed by the individuals of a society, excluding "claims," that is, mere titles to property. The word is used to mean both the inventory of these valuable things; the houses, factories, machines, livestock, stocks of raw materials, and goods in all stages of completion; and also to mean the sum of the values of these things. It should generally be clear from the context which of these two meanings is intended.”

Kenneth E. Boulding

Source: 1940s, The Economics of Peace, 1945, p. 5

Sense , Housing

“[The law of evolution states that] complexity increases in terms of differentiation and structure.”

Kenneth E. Boulding

Source: 1970s, Ecodynamics: A New Theory Of Societal Evolution, 1978, p. 10 as cited in P.P. Kandelaars (1999) Economic Models of Material-Product Chains for Environmental Policy Analysis. p. 13

Law

“There is a kind of second law of cultural dynamics which states simply that when anything has been done, it cannot be done again. In other words, we start off any system with a potential for novelty which is gradually exhausted. We see this in every field of human life, in the arts as well as the sciences. Once Beethoven has written the Ninth Symphony, nobody else can do it. Consequently, we find that in any evolutionary process, even in the arts, the search for novelty becomes corrupting. The "entropy trap" is perhaps the most subtle and the most fundamental of the obstacles toward realising the developed society…”

Kenneth E. Boulding

Kenneth Boulding (1970) "The Science Revelation". In: Bulletin of the Atomic Scientists. (Sept 1970) Vol. 26, nr. 7. p. 16
1970s

Life , Law , Art , Search

“General Systems Theory is a name which has come into use to describe a level of theoretical model-building which lies somewhere between the highly generalized constructions of pure mathematics and the specific theories of the specialized disciplines. Mathematics attempts to organize highly general relationships into a coherent system, a system however which does not have any necessary connections with the "real" world around us. It studies all thinkable relationships abstracted from any concrete situation or body of empirical knowledge.”

Kenneth E. Boulding

Source: 1950s, General Systems Theory - The Skeleton of Science, 1956, p. 197: Opening sentences

World , Mathematics , Knowledge , Study

“The very act of thinking about power in our lives and experiences creates a process of revelation and self-analysis that may even make us look at ourselves in a new light… thinking about power and its complex manifestations may not simply lead to a better understanding of the abstract complexities of society, but may have an effect on one‟s own image and identity. Perhaps a warning label should be placed on the cover…”

Kenneth E. Boulding

Source: 1980s, Three Faces of Power, 1989, p. 259, quoted in: Andrew Mearman (2011)

Understanding , Thinking , Light

“The essential measure of the success of the economy is not production and consumption at all, but the nature, extent, quality, and complexity of the total capital stock, including in this the state of the human bodies and minds included in the system. In the spaceman economy, what we are primarily concerned with is stock maintenance, and any technological change which results in the maintenance of a given total stock with a lessened throughput (that is, less production and consumption) is clearly a gain. This idea that both production and consumption are bad things rather than good things is very strange to economists, who have been obsessed with tile income-flow concepts to the exclusion, almost, of capital-stock concepts.”

Kenneth E. Boulding

Source: 1960s, The Economics of the Coming Spaceship Earth, 1966, p. 9-10 as cited in: Mark W. W. McElroy, J.M.L. M. L. van van Engelen (2012) Corporate Sustainability Management.

Idea , Nature , Change , Success