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Quote by Kenneth E. Boulding

“There is something, however humble, which can properly be called skill among those who recognise themselves as economists.”

Quote by Kenneth E. Boulding

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Kenneth E. Boulding
Kenneth E. Boulding

Kenneth E. Boulding was a renowned economist, born on January 18, 1910, and passed away on March 18, 1993. His research in economics covered a wide range of fields, particularly in general systems theory, conflict theory, and peace studies. more

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“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.”

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