“Since these questions lie in the future, imagination must supply the lack of experienced feeling in attaching value to them. But values can be only imperfectly anticipated.”

—  Herbert A. Simon , book Administrative Behavior

1940s-1950s, Administrative Behavior, 1947

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 "Since these questions lie in the future, imagination must supply the lack of experienced feeling in attaching value to …" by Herbert A. Simon?
Herbert A. Simon photo
Herbert A. Simon 58
American political scientist, economist, sociologist, and p… 1916–2001

Related quotes

Jean-Baptiste Say photo

“The wants of mankind are supplied and satisfied out of the gross values produced and created, and not out of the net values only.”

Jean-Baptiste Say (1767–1832) French economist and businessman

Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter II, p. 69

Hilaire Belloc photo

“Wealth, for the purposes of economic study, is confined to those values attaching to material objects through the action of man, which values can be exchanged /or other values.”

Hilaire Belloc (1870–1953) writer

Source: Economics for Helen (1924), Ch. 1 : What is Wealth?

“Science can explain why we value things, but the same goes for values we reject as wrong. That's why scientific explanations of what we value cannot justify those values or serve as a basis to enforce them on others. Since science is the only possible source of justification, if it doesn't work to justify values, nothing does.”

Alexander Rosenberg (1946) American philosopher

The Atheist's Guide to Reality (2011)

Wallace Stevens photo

“What the poet has in mind . . . is that poetic value is an intrinsic value. It is not the value of knowledge. It is not the value of faith. It is the value of imagination.”

Wallace Stevens (1879–1955) American poet

The Necessary Angel (1951), Imagination as Value
Context: What the poet has in mind... is that poetic value is an intrinsic value. It is not the value of knowledge. It is not the value of faith. It is the value of imagination. The poet tries to exemplify it, in part as I have tried to exemplify it here, by identifying it with an imaginative activity that diffuses itself throughout our lives.

Fred Polak photo

“Awareness of ideal values is the first step in the conscious creation of images of the future… for a value is by definition that which guides a ‘valued’ future.”

Fred Polak (1907–1985) Dutch futurologist

Source: The Image of the Future, 1973, p. 10 as cited in: Rowena Morrow (2006) "Hope, entrepreneurship and foresight". In: Regional frontiers of entrepreneurship research

Leo Tolstoy photo

“Anna spoke not only naturally and intelligently, but intelligently and casually, without attaching any value to her own thoughts, yet giving great value to the thoughts of the one she was talking to.”

Leo Tolstoy book Anna Karenina

Source: Anna Karenina

Warren Buffett photo

“Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

Berkshire Hathaway Inc.: An Owner's Manual http://www.berkshirehathaway.com/owners.html (1999)
Letters to Shareholders (1957 - 2012)

Samuel R. Delany photo

“The only important elements in any society are the artistic and the criminal, because they alone, by questioning the society’s values, can force it to change.”

Samuel R. Delany book Empire Star

Source: Empire Star (1966), p. 190

Albert Einstein photo

“What I see in Nature is a magnificent structure that we can comprehend only very imperfectly, and that must fill a thinking person with a feeling of humility. This is a genuinely religious feeling that has nothing to do with mysticism.”

Albert Einstein (1879–1955) German-born physicist and founder of the theory of relativity

Draft of a German reply to a letter sent to him in 1954 or 1955<!-- (also not known if this reply was sent) -->, p. 39
Attributed in posthumous publications, Albert Einstein: The Human Side (1979)
Context: I have never imputed to Nature a purpose or a goal, or anything that could be understood as anthropomorphic. What I see in Nature is a magnificent structure that we can comprehend only very imperfectly, and that must fill a thinking person with a feeling of "humility." This is a genuinely religious feeling that has nothing to do with mysticism.

“Just as there are inputs which are supplied by the owner of a business, and whose value therefore is a "virtual," not an actual, expense, so there can be outputs which are consumed by the owner of a business, and whose value therefore forms.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1940s, Economic Analysis, 1941, p. 380

Related topics