R.S. Lynd (1939) Knowledge of What? p. 15, cited in Karl William Kapp (1976), The nature and significance of institutional economics http://onlinelibrary.wiley.com/doi/10.1111/j.1467-6435.1976.tb01971.x/abstract. in: Kyklos, Vol 29/2, Jan 1976, p. 209
“Another common deficiency is the failure of some panaceas to take into account a social system's developmental responsibilities to its stakeholders.”
Source: 1990s, Re-Creating the Corporation (1999), p. 253.
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Russell L. Ackoff 70
Scientist 1919–2009Related quotes
Source: "Corporate social responsibility in business-to-business markets", 2013, p. 56; On Instrumental stakeholder theory

“Science, by itself, provides no panacea for individual, social, and economic ills.”
Science - The Endless Frontier (1945)
Context: Science, by itself, provides no panacea for individual, social, and economic ills. It can be effective in the national welfare only as a member of a team, whether the conditions be peace or war. But without scientific progress no amount of achievement in other directions can insure our health, prosperity, and security as a nation in the modern world.
Prologue
Anarchism : A History of Libertarian Ideas and Movements (1962)
Context: It is the general idea put forward by Proudhon in 1840 that unites him with the later anarchists, with Bakunin and Kropotkin, and also with certain earlier and later thinkers, such as Godwin, Stirner, and Tolstoy, who evolved anti-governmental systems without accepting the name of anarchy; and it is in this sense that I shall treat anarchism, despite its many variations: as a system of social thought, aiming at fundamental changes in the structure of society and particularly — for this is the common element uniting all its forms — at the replacement of the authoritarian state by some form of non-governmental cooperation between free individuals.

Source: Sociology For The South: Or The Failure Of A Free Society (1854), p. 70

A Week on the Concord and Merrimack Rivers http://www.gutenberg.org/dirs/etext03/7cncd10.txt (1849), Thursday