“[The consumer is] the supreme mover of economic order… for whom all goods are made and towards whom all economic activity is directed.”

— Kenneth E. Boulding

Source: 1940s, Economic Analysis, 1941, p. 613 (rev. ed. 1948) as cited in: Andrew McMeekin (2002) Innovation by Demand. p. 131

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "[The consumer is] the supreme mover of economic order… for whom all goods are made and towards whom all economic activi…" by Kenneth E. Boulding?

Kenneth E. Boulding 163

British-American economist 1910–1993

Related quotes

“All mental and moral development is by self-activity. Education is the economizing of self-effort in the direction of all-sided development.”

Francis Wayland Parker (1837–1902) Union Army officer

Source: Talks on Pedagogics, (1894), p. 25; as quoted in Sanderson Beck. Francis W. Parker's Concentration Pedagogy: Education to Free the Human Spirit http://www.san.beck.org/Parker.html, 1996

“As there are many to whom the beauty and harmony of economic laws are hidden, and to whom the inspiring thought of a social order in which there should be work for all, leisure for all, and abundance for all — in which all might be at least as true, as generous and as manful as they wish to be — is shut out by the deference paid to economic authorities who have as it were given bonds not to find that for which they profess to seek, so there are many to-day to whom any belief in the spiritual element, in the existence of God and in a future life, is darkened or destroyed, not so much by difficulties they themselves find, but by what they take to be the teachings of science.”

Henry George (1839–1897) American economist

Conclusion : The Moral of this Examination
A Perplexed Philosopher (1892)

“In the infinitely complex economic system on which we rely for our daily bread, no productive function is more important than that of our business leaders. These men are charged with the responsibility of giving direction and unity to the efforts of the many who participate in economic activity. It is their job to make the plans and decisions which will transform economic effort into the particular goods and services wanted by a myriad of consumers. Conversely, it is their job also to translate consumers' needs into employment opportunities for labor and other economic resources”

Robert Aaron Gordon (1908–1978) American economist

Source: Business Leadership in the Large Corporation (1945), p. 3

“Social costs… are all direct and indirect losses sustained by third persons or the general public as a result of unrestrained economic activities.”

Karl William Kapp (1910–1976) American economist

Source: Social Costs of Business Enterprise, 1963, p. 12. Cited in: M. Rangone & S. Solari (2012) "Southern European capitalism and the social costs of business enterprise". in: Studi e Note di Economia, Anno XVII, n. 1-2012, pp. 3-28

“All economic activity is carried out through time. Every individual economic process occupies a certain time, and all linkages between economic processes necessarily involve longer or shorter periods of time.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

"Intertemporal Price Equilibrium and Movement in the Value of Money" (1928)
1920s–1930s

“All rational action is economic. All economic activity is rational action. All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.”

Ludwig von Mises book Socialism

Part II : The Economics of a Socialist Community, § I : The Economics of an Isolated Socialist Community, Ch. 5 : The Nature of Economic Activity, p. 97 http://www.econlib.org/library/Mises/msS3.html#Part%20II,Ch.5
Socialism (1922)
Source: Socialism: An Economic and Sociological Analysis