Quotessence
Home / Quotes / Quote by Kenneth E. Boulding

Quote by Kenneth E. Boulding

Author

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

You May Also Like

“Conventions of generality and mathematical elegance may be just as much barriers to the attainment and diffusion of knowledge as may contentment with particularity and literary vagueness... It may well be that the slovenly and literary borderland between economics and sociology will be the most fruitful building ground during the years to come and that mathematical economics will remain too flawless in its perfection to be very fruitful.”

YearsWellsMayBuildingEconomicsPerfectionMathematicalContentmentBarriersConventionsSociologyEleganceAttainmentFlawlessGeneralitiesVaguenessDiffusion
Author:Kenneth E. Boulding
Create image

“Thus we seem to be on the verge of an expansion of welfare economics into something like a social science of ethics and politics: what was intended to be a mere porch to ethics is either the whole house or nothing at all. In so laying down its life welfare economics may be able to contribute some of its insights and analytical methods to a much broader evaluative analysis of the whole social process.”

MayWholeSeemsAbleHouseSocialProcessEthicsEconomicsMethodMereInsightWelfareAnalysisExpansionVergeSocial SciencePorchLaying Down
Author:Kenneth E. Boulding
Create image

“The organizer who creates roles, who creates the holes that will force the pegs to their shape, is a prime creator of personality itself. When we ask of a man, "What is he?" the answer is usually given in terms of his major role, job, or position in society; he is the place that he fills, a painter, a priest, a politician, a criminal.”

MenJobsAsksGivenForceTermAnswersRolesPositionPersonalityPoliticianShapesMajorsCreatorCriminalsHolesPainterPriestsPrimeOrganizerPeg
Book:THE ORGANIZATIONAL REVOLUTION
Create image

“It is clear that the building of models is not a purely mechanical process but requires skill of a high order - not merely mathematical skill but a sensitivity to the relative importance of different factors and a critical, almost an artistic, faculty in the selection of behaviour equations which are reasonable, tentative hypotheses in explaining the behaviour of actual economies.”

DifferentOrderProcessEconomyClearBuildingSkillsModelsImportanceCriticalFactorsArtisticMathematicalReasonableFacultyRelativeBehaviourSensitivityHypothesisSelectionEquationsExplaining
Author:Kenneth E. Boulding
Create image

“One of the most important skills of the economist, therefore, is that of simplification of the model. Two important methods of simplification have been developed by economists. One is the method of partial equilibrium analysis (or microeconomics), generally associated with the name of Alfred Marshall and the other is the method of aggregation (or macro-economics), associated with the name of John Maynard Keynes.”

Has BeensTwoImportantNamesSkillsModelsEconomicsMethodAnalysisEconomistEquilibriumSimplificationKeynesMacroMicroeconomics
Author:Kenneth E. Boulding
Create image