Kenneth E. Boulding: Trending quotes (page 6)

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Kenneth E. Boulding: 326   quotes 5   likes

“Production functions involving only land, labor and capital… never work and never explain economic development.”

Kenneth E. Boulding

Kenneth Boulding (1990). "Taxonomy as a Source of Error." in Methodus Vol 2. p. 17-21, as cited in: Deirdre McCloskey (2013) " What Boulding Said Went Wrong with Economics, A Quarter Century On http://www.deirdremccloskey.com/editorials/boulding.php"
1990s and attributed

“The closed economy of the future might similarly be called the 'spaceman' economy, in which the earth has become a single spaceship, without unlimited reservoirs of anything, either for extraction or for pollution, and in which, therefore, man must find his place in a cyclical ecological system”

Kenneth E. Boulding

Source: 1960s, The Economics of the Coming Spaceship Earth, 1966, p. 8

Future

“Economics, we learn in the history of thought, only became a science by escaping from the casuistry and moralizing of medieval thought.”

Kenneth E. Boulding

Source: 1970s, Economics As a Science, 1970, p. 117

History , Learning , Science

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

Kenneth E. Boulding

Source: 1940s, The theory of the firm in the last ten Years, 1942, p. 800 cited in: P. Lloyd (2012) "The Discovery of the Isoquant - History of Political Economy"

“It is absurd to suppose we can think of nature as a system apart from knowledge, for it is knowledge that is increasingly determining the course of nature”

Kenneth E. Boulding

Source: 1960s, Beyond Economics: Essays on Society, 1968, p. 141 as cited in John Laurent (2003) Evolutionary Economics and Human Nature. p. 175

Nature , Knowledge , Thinking

“In modern industry, research
Has come to be a kind of Church
Where rubber-aproned acolytes
Perform their Scientific Rites
And firms spend funds they do not hafter
In hope of benefits Hereafter.”

Kenneth E. Boulding

Source: 1980s, Illustrating Economics: Beasts, Ballads and Aphorisms, 1980, p. 96

Hope

“[Boulding once said, in response to a forecast that someday every American would be earning $100,000 per year] So what? Someone will still have to take out the garbage.”

Kenneth E. Boulding

Attributed to Kenneth Boulding in: Donella Meadows (1989) " Thoughts While Cleaning The Living Room: Domestic work is undervalued - but it doesn't need to be http://www.context.org/iclib/ic21/meadows/" in Caring For Families Vol 21. (Spring 1989). p. 16
1980s

“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 E. Boulding

Kenneth Boulding (1984) In: Meheroo Jussawalla, Helene Ebenfield eds. Communication and information economics: new perspectives. p. vii
1980s

Food , Way , Behavior , Decision

“[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 E. Boulding

Source: 1940s, Economic Analysis, 1941, p. 42 as cited in: Vernon L. Smith (1991) Papers in Experimental Economics. p. 516

Fear

“[The question for the behavioral disciplines is simply] what is better, and how do we get there?”

Kenneth E. Boulding

Kenneth Boulding (1977) as cited in: Association for Humanist Sociology US (1997) Humanity & society. Vol.21, p. 56
1970s

Behavior , Question

“Prediction of the future is possible only in systems that have stable parameters like celestial mechanics. The only reason why prediction is so successful in celestial mechanics is that the evolution of the solar system has ground to a halt in what is essentially a dynamic equilibrium with stable parameters. Evolutionary systems, however, by their very nature have unstable parameters. They are disequilibrium systems and in such systems our power of prediction, though not zero, is very limited because of the unpredictability of the parameters themselves. If, of course, it were possible to predict the change in the parameters, then there would be other parameters which were unchanged, but the search for ultimately stable parameters in evolutionary systems is futile, for they probably do not exist… Social systems have Heisenberg principles all over the place, for we cannot predict the future without changing it.”

Kenneth E. Boulding

Source: 1980s, Evolutionary Economics, 1981, p. 44

Search , Nature , Change , Success

“Physicists can only talk to other physicists and economists to economists… sociologists often cannot even understand each other.”

Kenneth E. Boulding

Attributed to Kenneth Boulding in Hans Adriaansens (1980) Talcott Parsons and the Conceptual Dilemma. p. 10
1980s

Understanding

“It [knowledge] is clearly related to information, which we can now measure; and an economist especially is tempted to regard knowledge as a kind of capital structure, corresponding to information as an income flow. Knowledge, that is to say, is some kind of improbable structure or stock made up essentially of patterns — that is, improbable arrangements, and the more improbable the arrangements, we might suppose, the more knowledge there is.”

Kenneth E. Boulding

Source: 1960s, Beyond Economics: Essays on Society, 1968, p. 142

Knowledge

“Conflict may be defined as a situation of competition in which the parties are aware of the incompatibility of potential future positions, and in which each party wishes to occupy a position that is incompatible with the wishes of the other.”

Kenneth E. Boulding

Source: 1960s, Conflict and defense: A general theory, 1962, p. 5

Future

“An international system consists of a group of interacting behavior units called "nations" or "countries," to which may sometimes be added certain supra-national organizations, such as the United Nations. Each of the behavior units in the system can be described in terms of a set of "relevant variables." Just what is relevant and what is not is a matter of judgment of the system-builder, but we think of such things as states of war or peace, degrees of hostility or friendliness, alliance or enmity, arms budgets, geographic extent, friendly or hostile communications, and so on. Having defined our variables, we can then proceed to postulate certain relationships between them, sufficient to define a path for all the variables through time. Thus we might suppose, with Lewis Richardson that the rate of change of hostility of one nation toward a second depends on the level of hostility in the second and that the rate of change of hostility of the second toward the first depends on the level of hostility of the first. Then, if we start from given levels of hostility in each nation, these equations are sufficient to spell out what happens to these levels in succeeding time periods.”

Kenneth E. Boulding

Source: 1950s, National images and international systems, 1959, p. 120-121

Hostility , War , Peace , Behavior

“They, economics and evolution, are both examples of a larger process, which has been at work in this part of the universe for a very long time. This is the process of the development of structures of increasing complexity and improbability. The evolutionary process always operates through mutation and selection and has involved some distinction between the genotype which mutates and the phenotype which is selected. The process by which the genotype constructs the phenotype may be described as "organization". Economic development manifesto itself largely in the production of commodities, that is, goods and services. It originates, however, in ideas, plans, and attitudes in the human mind. These are the genotypes in economic development. This whole process indeed can be described as a process in the growth of knowledge. What the economist calls "capital" is nothing more than human knowledge imposed on the material world. Knowledge and the growth of knowledge, therefore, is the essential key to economic development. Investment, financial systems and economic organizations and institutions are in a sense only the machinery by which a knowledge process is created and expressed.”

Kenneth E. Boulding

Kenneth Boulding (1977) Economic Development as an Evolutionary System, Fifth World Congress of the International Economic Association, Tokyo, Aug.-Sept. 1977.
1970s

World , Idea , Knowledge , Sense

“The basic bond of any society, culture, subculture, or organization is 'a public image.”

Kenneth E. Boulding

Source: 1950s, The Image: Knowledge in Life and Society, 1956, p. 64, cited in: Carl H. Botan, Vincent Hazleton (2006) Public Relations Theory Two. p. 349. Botan & Hazleton explain: "Citizens have particular images (or conceptions) of their own nation in relations to other nations, and those images reflect specific values and emotions. People in one nation make attributions about those living in other nations even when they have not visited a particular country. When individuals discuss their personal images with others, they contribute to the creation of public images. The public images of nation-states emanate from a “universe of discourse” (Boulding, 1956, p. 15)."

“Economic problems have no sharp edges. They shade off imperceptibly into politics, sociology, and ethics. Indeed, it is hardly an exaggeration to say that the ultimate answer to every economic problem lies in some other field.”

Kenneth E. Boulding

Source: 1940s, The Economics of Peace, 1945, p. 252, quoted in Leonard Silk (1976) The Economists. New York: Basic Books. p. 208

Problem

“At the opposite pole from the gift is tribute - that is, a grant made out of fear and under threat. A threat is a statement of the form "you do something that I want or I will do something that you do not want.”

Kenneth E. Boulding

Source: 1970s, The Economy of Love and Fear, 1973, p. 4

Fear

“It is an arithmetic, moreover, which cannot be denied even though we nearly all try to deny it. The arithmetic is simply this: Any positive rate of growth whatever eventually carries a human population to an unacceptable magnitude, no matter how small the rate of growth may be unless the rate of population growth can be reduced to zero before the population reaches an unacceptable magnitude. There is a famous theorem in economics, one which I call the dismal theorem, which states that if the only thing which can check the growth of population is starvation and misery, then the population will grow until it is sufficiently miserable and starving to check its growth. There is a second, even worse theorem which I call the utterly dismal theorem. It says that if the only thing which can check the growth of population is starvation and misery, then the ultimate result of any technological improvement is to enable a larger number of people to live in misery than before and hence to increase the total sum of human misery.”

Kenneth E. Boulding

Source: 1960s, The meaning of the twentieth century: the great transition, 1964, p. 126

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